9. Consider a shared appreciation mortgage (SAM) with the following characteristics: Loan-to-value ratio: 70% Market rate: 4.50% Rate on loan: 3.00% Lender's tax bracket: 40% Suppose six years ago, in order to minimize your monthly payments you contracted with a lender to take out the shared appreciation mortgage to purchase a house for $150,000. Three years ago, you replaced the roof at a cost of $11,000 - this was the only major capital improvement on the property during your period of ownership. Today, you contracted to sell the property for $194,000. If you incurred a 6% real estate commission on the sale, what is the dollar value of the lender's equity appreciation stake? 9. Consider a shared appreciation mortgage (SAM) with the following characteristics: Loan-to-value ratio: 70% Market rate: 4.50% Rate on loan: 3.00% Lender's tax bracket: 40% Suppose six years ago, in order to minimize your monthly payments you contracted with a lender to take out the shared appreciation mortgage to purchase a house for $150,000. Three years ago, you replaced the roof at a cost of $11,000 - this was the only major capital improvement on the property during your period of ownership. Today, you contracted to sell the property for $194,000. If you incurred a 6% real estate commission on the sale, what is the dollar value of the lender's equity appreciation stake