Question 16 (1 point) Assume you believe Mortgage Backed Securities of Healthy Bank Inc. will default soon and you buy credit defaults swaps worth $10 million dollar with a premium of 600 basis points (6%). Assuming the Mortgage Backed Security defaults indeed directly after you bought the CDS, what will be your profit in US Dollar None of the answers is correct $9.4 million $10.6 million $600,000 $9.5 million