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Consider these facts: David and Karen want to buy a house for $ 3 5 0 , 0 0 0 and they have 2 0
Consider these facts: David and Karen want to buy a house for $ and they have to pay down plus all required closing costs and fees. They apply for a loan from Bank of Oklahoma BOK in the amount of $ The loan is approved for years at
a What is the loan payment amount?
b If BOK sells the loan to Wells Fargo on the same day the loan is originated at a yield to WellsFargo of what will WellsFargo have to pay BOK for the loan?
c What is BOKs gross profit on this sale transaction to WellsFargo?
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