You have just been promoted to the mortgage trading desk at CIBC. Your supervisor directs both you and Clyde, your rival and fellow trader, to buy, on behalf of CIBC, a single three month coupon payment from a pool of identical, currently originated, interest only mortgages with initial balances of $1,000,000.00 and an announced amual ra.te of 8.5%. If you calculate the price of the coupon payment to be $98.10 per one hundred dollars of coupon payment and Clyde calculates it to be $97.60 per one hundred dollars of coupon payment, then we can infer that: 1.94% but Clyde is You are estimating that the three month riskless rate of interest is ofs = estimating that same three month rate to be or's = 3.67% 1.01% but Clyde is You are estimating that the three moonth riskless rate of interest is or's = estimating that are three month rate to be orz = 2.96% You would offer approximately $6799.00 while Clyde would offer $6928.80 You would offer approximately $6828.80 while Clyde would offer $6794.00 none of the above You have just been promoted to the mortgage trading desk at CIBC. Your supervisor directs both you and Clyde, your rival and fellow trader, to buy, on behalf of CIBC, a single three month coupon payment from a pool of identical, currently originated, interest only mortgages with initial balances of $1,000,000.00 and an announced amual ra.te of 8.5%. If you calculate the price of the coupon payment to be $98.10 per one hundred dollars of coupon payment and Clyde calculates it to be $97.60 per one hundred dollars of coupon payment, then we can infer that: 1.94% but Clyde is You are estimating that the three month riskless rate of interest is ofs = estimating that same three month rate to be or's = 3.67% 1.01% but Clyde is You are estimating that the three moonth riskless rate of interest is or's = estimating that are three month rate to be orz = 2.96% You would offer approximately $6799.00 while Clyde would offer $6928.80 You would offer approximately $6828.80 while Clyde would offer $6794.00 none of the above