II (15 Points)-Mortgage Backed Securities GNMA Derivatives Inc. purchases a $100,000 face value MBS carrying a coupon of 10 percent and a maturity of 30 years. 1. What is the monthly payment on the MBS? 2. What is the remaining principal balance on the MBS if it survives 1-yr? 2-yrs? 3 Yrs? 8 Yrs? 3. How much interest would you collect if the MBS survives only one year? 4. What will the MBS sell for in each of the following yield-survival scenarios? II (15 Points)-Mortgage Backed Securities GNMA Derivatives Inc. purchases a $100,000 face value MBS carrying a coupon of 10 percent and a maturity of 30 years. 1. What is the monthly payment on the MBS? 2. What is the remaining principal balance on the MBS if it survives 1-yr? 2-yrs? 3 Yrs? 8 Yrs? 3. How much interest would you collect if the MBS survives only one year? 4. What will the MBS sell for in each of the following yield-survival scenarios