The most common type of mortgage-backed security is
A) the mortgage pass-through, a security that has the borrower's mortgage payments pass through the trustee before being disbursed to the investors.
B) collateralized mortgage obligations, a security which reduces prepayment risk.
C) the participation certificate, a security which passes the borrower's mortgage payments equally among all the owners of the certificates.
D) the securitized mortgage, a security which increases the liquidity of otherwise illiquid mortgages.
A
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What should be the correct formula in cell B8 to determine the probability of rejecting the project according to the IRR’s decision?
a) =NORM.S.DIST((C7-C5)/C6,TRUE)
b) =NORM.S.DIST((0-C5)/C6,TRUE)
c) =NORM.S.DIST((C7-C5)/C6,FALSE)
d) =NORM.S.DIST((0-C5)/C6,FALSE)
e) =NORM.S.DIST((C6-C5)/C7,TRUE)
Only the lowest levels of management can be evaluated using budgets
Indicate whether the statement is true or false
When reinforcement is based on output, it is ______.
a. interval b. intermittent c. quantitative d. ratio
Genocide, human rights violations and other atrocities are often the product of ______.
Fill in the blank(s) with the appropriate word(s).