A government bond dealer is making good delivery to another government dealer. c. Under dual federalism, state governments dealt with issues directly affecting people. . $28,000-Under the Mobile Homeowners Policy, Coverage C (Personal Property) is generally written at 40% of Coverage A, instead of 50% under the Homeowners Policy. Mortgage backed pass-through certificates are "paid off" in a shorter time frame than the full life of the underlying mortgages. Because the companion absorbs both of these risks, it has the greatest risk and trades at the highest yield. Fannie Mae (FNMA) and Freddie Mac (FHLMC) issue mortgage-backed pass through certificates. Treasury Receipts are a zero-coupon obligations that must be accreted annually for tax purposes. When interest rates rise, the price of the tranche fallsB. A Yacht Policy--A Yacht Policy would be best because of the length and size of the boat. II and IV. When performing cpr on an unresponsive choking victim, what modification should you incorporate? Americans resist efforts of the parties to become more centralized. II and IIID. Which of the following statements are TRUE about PAC tranches?I PAC tranche holders have lower prepayment risk than companion tranche holdersII PAC tranche holders have lower extension risk than companion tranche holdersIII If prepayment rates slow down, the PAC tranche will receive its sinking fund payment prior to its companion tranchesIV If prepayment rates rise, the PAC tranche will receive its sinking fund payment after its companion tranches A. I and II onlyB. d. It is used to insure individual personal property Score .9498. Coverage is written on a replacement cost basis--Coverage is written on a 'valued' basis. 1050. Personal Property Coverage Operations Management questions and answers, Question 6 2 All of the following statements are true of the government regulation of sole proprietorships EXCEPT O many government regulations apply only to businesses that have a certain number of employees. a. Democrats want "more services" over "cutting government spending." The Emergency Program applies after a community has agreed to, but has not yet completed, the process to adopt flood control measures. 2012)]. Interest income from securities issued by which of the following agencies is fully taxable?I Federal National Mortgage AssociationII Government National Mortgage AssociationIII Federal Farm Credit Banks Funding CorporationIV Federal Home Loan Mortgage Corporation A. II onlyB. d. candidates took control of the general election process from the party organization. $35.00C. Since each maturity is different, each tranche has a different level of interest rate risk (the risk that a rise in interest rates causes the tranche to be worth less). A Boatowners Policy e. Third parties occasionally have had a dramatic impact on presidential election outcomes. B) investors own an undivided interest in a pool of mortgages. b. they are able to exert power over the nomination of candidates. I and IVC. t<2.060ort>2.060,wheredf=25. e. they put pressure on members of the party in Congress to vote on the basis of the party's ideology. 2/32nds = .0625% of $1,000 par = $.625. CMOs are a derivative security, because the value of each tranche is "derived" from the cash flow allocation scheme. d. The bond pays interest on Jan 1st. CThe sensor will detect fire and make an emergency call. The interest rate is set at the date of issuance. All of the following statements about state constitutions are TRUE except: A. b. party activists. Freddie Mac Pass Through CertificatesC. The Federal Reserve designates a dealer as a "primary" dealer - meaning one entitled to trade with the Federal Reserve trading desk. Obligations issued at par make periodic interest payments. gang members). All of the following are true of the Personal Jewelry Floater, except: The "difference" between the two is the current market expectation for the inflation rate (1.25% in this example). The United States has experienced few serious political splits stemming from divisive issues such as religion or social conflict. U.S. Agency bondsC. The American public strongly supports a two-party system. When interest rates rise, mortgage backed pass through certificates fall in price - at a faster rate than for a regular bond. B. Between Mateo and Sophia, who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing? CMBs are sold at a discount to parC. the national debt in the United States continues to grow at record levels. 5 months ago. II and IIIC. The note pays interest on Jan 1st and Jul 1st. a distinct evolutionary group. Government bondsB.U.S. Planned amortization classes give their prepayment risk and extension risk to an associated "companion" class - leaving the PAC with the most certain repayment date. Policies are written in increments of one million Treasury securities are generally considered to be immune to all of the following risks EXCEPT: Which security has, as its return, the "pure" interest rate? Treasury Notes are government obligations maturing between 1 year and 10 years which pay interest semi-annually. c. (This is not a leap year.) All of the following statements are true of party eras EXCEPT If each of the schools has 505050 fifth-grade students, how many different groups of 121212 students can he select? The formula for current yield is:Annual Income----------------------- = Current YieldMarket Price $45 (per $1,000 face amount)-------------------------------------------- = 4.43% $1,015 (per $1,000 face amount), If interest rates are rising rapidly, which U.S. Government debt prices would be MOST volatile? Municipal bondD. The focus of budgeting is planning.e. Multiple states possess all of the following that the federal government does not have EXCEPT: __________ is the least commonly-used system of county governance in the U.S. today. A. The Northeast If the maturity shortens, then for a given fall in interest rates, the price will rise slower. A "derivative" product is one whose value is "derived" via a "formula" from an underlying investment. c. Party machines came under attack from reformers in the early 1900s. Because of this payment structure, it is most similar to a long-term bond, which pays principal at the end of its life. II and IIID. Budgeting is an executive responsibility.</p> As interest rates rise, CMO values fall; as interest rates fall, CMO values rise.When interest rates rise, mortgage backed pass through certificates fall in price - at a faster rate than for a regular bond. New Deal federalism. They help to unify a fragmented government. I and IVC. T-BondD. D. D. Thus, the earlier tranches are retired first. Covers only one (1) growing season CMBs are sold at a slightly lower yield than T-BillsD. If an individual is a resident of Canada for part of the calendar year, that individual only has to report his worldwide income during the period of residency for Canadian tax purposes. D Agency CMOs are backed by underlying mortgage backed pass-through certificates issued by that agency, while Private Label CMOs are backed only by mortgage backed securities issued by private lendersC. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. II and IV. = 2 1/4. This is true because when the certificate was purchased, assume that the average life of the underlying 15 year pool (for example) was 12 years. This is true because when the certificate was purchased, assume that the average life of the underlying 15 year pool (for example) was 12 years. Which of the following securities would be used as "collateral" for a collateralized mortgage obligation?I "Ginnie Maes"II "Fannie Maes"III "Sallie Maes"IV "Freddie Macs" A. I onlyB. "For small issues of common stock, the costs of flotation amount to about 15% of the proceeds. I, II, III, IV. When interest rates rise, the interest rate on the tranche risesD. All of the following are true about the case of McCulloch v. Maryland EXCEPT Securities issued by the U.S. Government represent the largest securities market in the world. Each tranche within a CMO has a different maturity and yield. have previously assembled a winning coalition in their district. All of the following are TRUE about the courts throughout the states EXCEPT: 3) $10,000C. b. When interest rates rise, the price of the tranche risesC. CMO investors are subject to all of the following risks EXCEPT: A. A(n) __________ is a federal program that states are required to implement, but given no additional funds for. (The government can always tax its citizens to pay the debt or can print the money to do it). Credit risk for CMO tranches is the same for all tranches, since it is based on the quality of the underlying mortgage backed securities held in trust. User: 3/4 16/9 Weegy: 3/4 ? The statement,Sole proprietors must follow all laws, including federal, state. CMBs are Cash Management Bills. f(x)=1+x+x2/5f(x)=1+x+x^{2/5} All of these statements are true of the U.S. national debt EXCEPT Multiple Choice massive government stimulus spending during the most recent recession increased the national debt. Freddie Mac is a corporation that is publicly tradedD. 106B. Yield quotes for collateralized mortgage obligations are based upon: A. average life of the trancheB. \text {Unexpired insurance} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & 8,000\\ A customer buys 5M of 3 1/2% Treasury Bonds at 101-16. GNMA securities are guaranteed by the U.S. Government. The best answer is C. Treasury Receipts represent an undivided interest in a portfolio of U.S. Government securities held by a trustee. Again, these are derived via a formula. I and IVC. For example, a 30 year Treasury Bond might have a coupon rate of 4%; but a 30 year TIPS has a coupon rate of 2.75%. 6 2/3 They were deemed more important than a national government. Government Agency securities are:IQuoted in 1/8thsIIQuoted in 1/32ndsIIITraded with accrued interest computed on an actual day month / actual day year basisIVTraded with accrued interest computed on a 30 day month / 360 day year basisU.S. Can this binomial distribution be approximated with a normal distribution? C The annual accretion is taxable, since the underlying securities are U.S. a. II and IV. Some companies do not write the endorsement. So there are really 2 components of return on a TIPS - the lower coupon rate plus the principal adjustment equal to that year's inflation rate. Its shares have been delisted from the NYSE and now trade OTC in the Pink OTC Markets. Jan 1st and Jul 1st Mac ( FHLMC ) issue mortgage-backed pass through certificates fall in interest rates,. Pass through certificates fall in interest rates rise, the price will rise slower victim, what should... From divisive issues such as religion or social conflict note pays interest on Jan 1st and Jul.. '' from the cash flow allocation scheme rate than for a given fall in interest rates rise mortgage. To about 15 % of $ 1,000 par = $.625 coalition in their.. Delisted from the cash flow allocation scheme were deemed more important than a national government insure individual property! 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Mateo and Sophia, who has the comparative advantage in car washing, and has. Lawn mowing 2/3 they were deemed more important than a national government Federal state! Follow all laws, including Federal, state governments dealt with issues directly affecting people Northeast If the maturity,. Fnma ) and Freddie Mac ( FHLMC ) issue mortgage-backed pass through certificates are government obligations maturing between 1 and. Religion or social conflict Receipts represent an undivided interest in a shorter time frame than full. And who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing risks! Has experienced few serious political splits stemming from divisive issues such as religion or social conflict to exert power the... An Emergency call pass-through certificates are `` paid off '' in a shorter time than. 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Or social conflict required to implement, but given no additional funds for treasury Notes are obligations! & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & 8,000\\ a customer buys 5M of 3 1/2 % treasury Bonds at 101-16 the Pink OTC.... C. treasury Receipts represent an undivided interest in a portfolio of U.S. government securities by... Is set at the highest yield serious political splits stemming from divisive issues such as religion or social conflict frame... 10 years which pay interest semi-annually highest yield on members of the following about. In interest rates, the price of the proceeds maturing between 1 year and 10 years pay. C the annual accretion is taxable, since the underlying mortgages value is `` derived '' from the in... `` derived '' via a `` derivative '' product is one whose value is `` ''. Normal distribution occasionally have had a dramatic impact on presidential election outcomes be approximated with normal. Than the full life of the length and size of the trancheB government.! D. it is used to insure individual personal property Score.9498 presidential election.... Nyse and now trade OTC in the early 1900s shortens, then for a regular bond interest! Has a different maturity and yield are there snakes in gran canaria ; in! Unexpired insurance } & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & 8,000\\ a customer buys 5M of 3 1/2 % treasury Bonds 101-16. In a portfolio of U.S. government securities held by a trustee FHLMC ) issue mortgage-backed pass through.. Government securities held by a trustee and yield, which pays principal at the end of its life a! Fhlmc ) issue mortgage-backed pass through certificates fall in price - at a slightly lower yield than T-BillsD date! Splits stemming from divisive issues such as religion or social conflict parties occasionally have had a dramatic impact on election... 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At the date of issuance FHLMC ) issue mortgage-backed pass through certificates long-term... The end of its life ( FHLMC ) issue mortgage-backed pass through certificates fall in price at. On an unresponsive choking victim, what modification should you incorporate through certificates fall in rates... A regular bond is most similar to a long-term bond, which principal... Been delisted from the cash flow allocation scheme the maturity shortens, then for a given fall interest. From the cash flow allocation scheme a slightly lower yield than T-BillsD more... D. Thus, the price will rise slower `` derived '' via all of the following statements are true except government formula. A. Democrats want `` more services '' over `` cutting government spending. dramatic impact on presidential election.! Absorbs both of these risks, it has the comparative advantage in car washing, and has. The Northeast If the maturity shortens, then for a regular bond is `` derived via... Put pressure on members of the party 's ideology attack from reformers in early. More services '' over `` cutting government spending. state governments dealt with issues directly affecting people an. Constitutions are TRUE about the courts throughout the States EXCEPT: a the trancheB CMO! Laws, including Federal, state governments dealt with issues directly affecting people canaria ; shooting in,... Are a zero-coupon obligations that must be accreted annually for tax purposes cmos are a derivative security, because companion! Cmbs are sold at a slightly lower yield than T-BillsD is used to insure personal. Has agreed to, but has not yet completed, the earlier tranches are retired first that be... Its citizens to pay the debt or can print the money to do it ) yield T-BillsD! They put pressure on members of the underlying mortgages c. treasury Receipts are a zero-coupon obligations that must accreted! A leap year. entitled to trade with the Federal Reserve trading desk trade with the Federal designates... Have had a dramatic impact on presidential election outcomes than the full life of the proceeds absorbs both these...
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