A bank is owed $190,000 in principal plus accrued interest, and has incurred $10,000 in covered foreclosure-related costs. Suppose the PMI coverage percentage is 20%. If the bank is the winning bidder in the foreclosure sale, bidding $130,000, then

Question 17 options:

A	The insurer takes property ownership and pays the bank $200,000
B	The insurer pays the bank $40,000
C	The insurer pays the bank $14,000
	The insurer can choose either A or B
	The bank can choose either A or B
	The insurer can choose either A or C
	The bank can choose either A or C