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Use the below information to answer the following 5 questions. Report all answers with 2 decimal places. Mortgage info Purchase price $2,500,000 Holding period 2
Use the below information to answer the following 5 questions. Report all answers with 2 decimal places. Mortgage info Purchase price $2,500,000 Holding period 2 LTV 77% Interest rate 3.0% Term 15 Amortization 15 Mortgage-Related Closing Costs Discount point (Lender) 0.50% Appraisal $500 Survey $800 Underwriting fee (Lender) $300 Origination fee (Lender) 1.50% Question 3 2.5 pts What is the lender's yield? 4.53 4.11 None of these are correct 4.78 4.96
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