This quotation is taken from a 1991 issue of BondWeek:
What will be an ideal response?
First Interstate Bank of Texas will look into buying several different types of collateralized mortgage obligation tranches when it starts up its buy program sometime after the second quarter of 1991, according to Jules Pollard. V.P. Pollard said he will consider replacing maturing adjustable-rate mortgage pass-throughs with short companion tranches and planned amortization classes because the ARMs have become rich. . . . Pollard did not provide a dollar figure on the planned investments, which will be made to match fund the bank's liabilities. When he does invest he said he prefers government guaranteed securities or those with implied guarantees.
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Which of the following actions would improve a current ratio of 0.8?
A. Purchase additional marketable securities with cash. B. Use cash to pay off some current liabilities. C. Acquire a parcel of land in exchange for common stock. D. Purchase additional inventory on credit.
WEP stands for ________
A) wireless equivalent privacy B) wireless equivalent policy C) wired equivalent privacy D) wired equivalent policy
The priority of claims established by Chapter 7 of the Bankruptcy Reform Act of 1978 gives priority to ________.
A) unpaid employee benefit plan contributions over unsecured customer deposits B) common stockholders over taxes C) taxes over expenses of administering the bankruptcy D) preferred stockholders over claims of secured creditors
For any company, owners and shareholders are the only sources of primary funding.
Answer the following statement true (T) or false (F)