An individual has just purchased a $600,000 home in Montreal. She funded the purchase with a down-payment from personal cash savings and a $500,000 mortgage with a 25-year amortization from a bank. If she loses her job 4 years after the purchase and subsequently defaults on the mortgage, which of the following is most likely to be true: a. None of these choices b. The bank is substantially protected given the mortgage loan had to be insured and the insurer will reimburse the bank for losses C. The bank will have a gain as the value of the property likely increased in the 4 years since the mortgage was issued O d. The bank's losses will be equivalent to the balance of the mortgage minus the proceeds from selling the property after repossession minus any personal guarantees e. The bank's losses will be equivalent to the principal balance of the mortgage minus the proceeds from selling the property after repossession