What is the prefix for this security, and what does a prefix indicate?
What will be an ideal response?
The "CL" appearing before the pool number is called the pool prefix. All agency issuers have their own pool prefix, and it indicates the type of collateral. In the case of Fannie Mae, there is
a two-character prefix indicating (1) whether the loans are conventional, government insured, or guaranteed by some entity; (2) whether the note rates for the loans are fixed or adjustable and features about adjustment in the latter case; and (3) the general term to maturity of the loans at issuance. In our Fannie Mae example, "CL" means "Conventional Long-Term, Level-Payment Mortgages; Single-Family; maturing or due in 30 years or less." Other examples of pool
prefixes used by Fannie Mae are "CL," which means that the collateral is "Conventional Intermediate-Term, Level-Payment Mortgages; Single-Family; maturing or due in 15 years or less," and "A1," which means that the collateral is "Adjustable-Rate Mortgages; Single-Family; indexed to the one-year Treasury Constant Maturity; 1 percent per interest rate adjustment; lifetime caps are pool-specific."
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My instructor told us to read chapter sixteen: "the rise of the royal state."
What will be an ideal response?
Which is not a strategy for a retailer to increase its average sale?
a. placing impulse goods in high-traffic locations b. opening additional hours c. increasing impulse sales d. suggestion selling
The business judgment rule would require an officer or director to use the highest duty of care in the execution of his office
a. True b. False Indicate whether the statement is true or false
A salesperson on ________ earns the same amount regardless of how he or she spends time.
A. a bonus plan B. a straight salary C. commission pay D. a combination plan E. an incentive plan