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Consider a $2 million, 7.5%, 30-year mortgage with monthly payments. What is the YTM of this loan under the following circumstances? a. No Points or

Consider a $2 million, 7.5%, 30-year mortgage with monthly payments. What is the YTM of this loan under the following circumstances?

a. No Points or penalties

b. One point of disbursement discount

c. Two points of disbursement discount

d. Two points of disbursement discount

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