You need to value a mortgage-backed security. The underlying mortgages average 7.5% interest rates, a maturity of 7 years, and a par value of $3,000,000. Assume that the payments are annual. There are 0.85% fees for servicing the MBS. The market rate for similar investments is 6.25%. If you were to purchase the entire MBS, how much would you pay the issuer? A. 3,256,369 B. 2,659,362 C. 3,265,635 D. 3,042,868 E. 2,965,896