(2) Instead of selling the pool of mortgages in part (1), HSBC decides to securitize the mortgages by issuing 100 pass-through securities. The pass through rate will be 2.5% and the servicing and guarantee fee will be 0.5%. However, the current market rate of return is 2.5%. How much will HSBC obtain for this offering of MPTs? How much will each investor pay for an MPT security, assuming the same prepayment rate as in part (1)?