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Question 14 3.6 pts A commercial borrower has a $12,000,000 interest-only mortgage at 8% interest rate for 15 year. There is a lockout period of

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Question 14 3.6 pts A commercial borrower has a $12,000,000 interest-only mortgage at 8% interest rate for 15 year. There is a lockout period of 10 years for the loan. The mortgage has a prepayment penalty if the borrower prepay, Assuming the loan is prepaid at the end of year 12 and the mortgage interest rate at that time is 9%. How much is prepayment penalty, if the lender will charge a yield maintenance penalty

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