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Suppose you buy a $1 million house and put $400,000 down. You search for rates and find Rocket Mortgage offering 40-year fixed rate mortgages at

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Suppose you buy a $1 million house and put $400,000 down. You search for rates and find Rocket Mortgage offering 40-year fixed rate mortgages at 3%. What is your monthly payment for the 3% mortgage? (Round your answer to the nearest integer.) Suppose you observe the following situation: State of Economy Probability Stock A Return Stock B Return Bust 0.25 -0.14 -0.08 Normal 0.60 0.05 0.06 Boom 0.15 0.28 0.22 What is the correlation between the two stocks? (Round your final answer to 3 decimal places.)

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