i need help with 19 and 20

17. Ann wants to buy a property, which costs $3.500.000. She gets a Aet to Equity ratio for this purchase? mortgage with 75% LTV. What is Ann's A sset 3,500,000 Equity -15* 3,500,000 ILR 3,500,000/5 a5000000 18. Ann wants to buy a building. The annual NOI for the building will be S100,000. She wants te get a 10- year interest only fixed rate mortgage at an annual rate of 5% with annual compounding and anal payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (DSCR) of 120. If Ann gets a 50% LTV loan for $500,000, what is her DSCR? 100,000 NO I 7, 1.20, or Pm 1-20 ain 19. You observe a REIT, which currently pays a dividend per share of $3.00. You expect dividends to grow 3.5% and believe the required return for this stock should be 8.75%. Using the Gordon Growth Model, what should be the price per share? 20. BOA originates 100 Fully Amortizing Fixed Rate Mortgages, each has a $1000 balance, 25% interest rate (no fees), 2 year term, and annual payments. BOA immediately issues I0 and PO strips backed by the pool of these mortgages and sells them to investors who discount payoffs at 12%. What profits does BOA make immediately? N01 Year 29.65