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Suppose you owned a $200,000 security interest in a pass-through mortgage pool that contained $200,000,000 in mortgages and received $30,000,000 in interest payments and $1,000,000
Suppose you owned a $200,000 security interest in a pass-through mortgage pool that contained $200,000,000 in mortgages and received $30,000,000 in interest payments and $1,000,000 in principal payments in its first year. How much principal and interest would you receive (if there were no mortgage servicing costs) that year?
a. Principal - $1,000; Interest - $3,000
b. Principal - $2,000; Interest - $30,000
c. Principal - $1,500; Interest - $33,000
d. Principal - $1,000; Interest - $30,000
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