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Consider a $5,000,000, 8.5%, 30-year mortgage with monthly payments. What is the yield to maturity (YTM) of this loan under the following circumstances: (a) No

Consider a $5,000,000, 8.5%, 30-year mortgage with monthly payments. What is the yield to maturity (YTM) of this loan under the following circumstances:

(a) No points, fully-amortizing (b) Three points of disbursement discount (point), fully amortizing (c) Three points of disbursement discount, 7-year maturity with balloon.

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