After observing that the respective net market interest rates on 6 and 12 month Canadian T-bills are 1.05% and 1.49%,CIBC wishes to market a mortgage-related security which consists of one 6 month and one 12 month coupon payment taken from a pool of id entical newly-originated, interest-only, fixed-rate, fully-insured residential mortgages. Each mortgage features an initial balance of $800,000.00, a five-year term and is fully amortized over a 20 year period. If the announced annual rate on these mortgages is 4.0%, your forecast, using the actual market interest rates, of the current market price of each such security is approximately $6,134.87$5,931.78$5.223.12.$4,289.42$6,232.12 uestion 6 (5 points) You are quoted an annual coupon rate on your Canadian mortgage, , of $6.00%. Assuming, as usual, there are twelve monthly coup on payments per year, your actual monthly coupon rate is: .92% .12% 49% 24.11% 1 basis point After observing that the respective net market interest rates on 6 and 12 month Canadian T-bills are 1.05% and 1.49%,CIBC wishes to market a mortgage-related security which consists of one 6 month and one 12 month coupon payment taken from a pool of id entical newly-originated, interest-only, fixed-rate, fully-insured residential mortgages. Each mortgage features an initial balance of $800,000.00, a five-year term and is fully amortized over a 20 year period. If the announced annual rate on these mortgages is 4.0%, your forecast, using the actual market interest rates, of the current market price of each such security is approximately $6,134.87$5,931.78$5.223.12.$4,289.42$6,232.12 uestion 6 (5 points) You are quoted an annual coupon rate on your Canadian mortgage, , of $6.00%. Assuming, as usual, there are twelve monthly coup on payments per year, your actual monthly coupon rate is: .92% .12% 49% 24.11% 1 basis point