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53. The seller of a property provides a purchasemoney mortgage for $50,000 at an 8 percent interest rate with monthly payments over a 15 year
53. The seller of a property provides a purchasemoney mortgage for $50,000 at an 8 percent interest rate with monthly payments over a 15 year term. Immediately after the loan is made, the loan is sold to an investor at a price of $40,000. What yield will be earned by the purchaser of the loan assuming that it runs for the full term? A. 8.00 percent B. 10.00 percent C. 10.91 percent D. 11.91 percent
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