8 marks, 500 words limit) Purple Bank is a bank that lends exclusively to consumers. Its aim is to offer the lowest mortgage rates in the market to its clients, and in doing so it relies on large volumes. Purple Bank can issue $100 million in mortgages this month and is presented with the following funding options. You are in charge of selecting a funding option. a. Choose a (one) funding option and motivate your choice. Note: you need to choose one funding option at this point. (2 marks) b. Discuss potential risks from i. Your chosen funding option ( 3 marks) ii. Purple Bank's pricing strategy. (3 marks) 8 marks, 500 words limit) Purple Bank is a bank that lends exclusively to consumers. Its aim is to offer the lowest mortgage rates in the market to its clients, and in doing so it relies on large volumes. Purple Bank can issue $100 million in mortgages this month and is presented with the following funding options. You are in charge of selecting a funding option. a. Choose a (one) funding option and motivate your choice. Note: you need to choose one funding option at this point. (2 marks) b. Discuss potential risks from i. Your chosen funding option ( 3 marks) ii. Purple Bank's pricing strategy