Assumed that $1,000,000 of 10% fixed interest rate mortgages have been pooled as security for an issue of MPTs (assumed 40 securities). Constant payment mortgages only. All mortgages have maturity of 10 years; annual payment to simplify the calculations. Service fee: 0.5% of OLB at the end of each previous period. Pass through rate (coupon rate) = 9.5% Market required rate of return = 10.5% Assume that prepayment is 15% each year based on the pool balance at the end of the preceding period. Which of the following statement is FALSE? The market price of MPT per share is $24,292. The service fee in year 3 is $3,056. The payment to individual investor per share in year 10 is $694. The mortgage pool balance in year 4 is $347,032. Assumed that $1,000,000 of 10% fixed interest rate mortgages have been pooled as security for an issue of MPTs (assumed 40 securities). Constant payment mortgages only. All mortgages have maturity of 10 years; annual payment to simplify the calculations. Service fee: 0.5% of OLB at the end of each previous period. Pass through rate (coupon rate) = 9.5% Market required rate of return = 10.5% Assume that prepayment is 15% each year based on the pool balance at the end of the preceding period. Which of the following statement is FALSE? The market price of MPT per share is $24,292. The service fee in year 3 is $3,056. The payment to individual investor per share in year 10 is $694. The mortgage pool balance in year 4 is $347,032