The underlying GNMA 15-year mortgage pool has a principal amount of $50 million and an annual yield of 6 percent (paid monthly).Assume that there are no prepayments. What is the first monthly payment on the Principal Only (PO) strip?
A)$3 million.
B)$421,928.
C)$250,000.
D)$299,775.
E)$171,928.

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The Answer of The underlying GNMA 15-year mortgage pool has a principal amount of $50 million and an annual yield of 6 percent (paid monthly).Assume that there are no prepayments. What is the first monthly payment on the Principal Only (PO) strip?
A)$3 million.
B)$421,928.
C)$250,000.
D)$299,775.
E)$171,928.

The Underlying GNMA 15-Year Mortgage Pool Has a Principal Amount