Indicate whether you agree or disagree with the following statement: "The PSA prepayment benchmark is a model for forecasting prepayments for a pass-through security."
What will be an ideal response?
The Public Securities Association (PSA) prepayment benchmark is expressed as a monthly series of annual prepayment rates. This benchmark is commonly referred to as a prepayment model, suggesting that it can be used to estimate prepayments. Characterization of this benchmark as a prepayment model is inappropriate. It is simply a market convention of prepayment behavior. The PSA benchmark assumes that prepayment rates are low for newly originated mortgages and then will speed up as the mortgages become seasoned.
The PSA benchmark assumes the following CPRs for 30-year mortgages: (i) a CPR of 0.2% for the first month, increased by 0.2% per year per month for the next 30 months when it reaches 6% per year, and (ii) a 6% CPR for the remaining years. This benchmark, referred to as "100% PSA" or simply "100 PSA," can be depicted graphically. Mathematically, 100 PSA can be expressed as follows:
If t ≤ 30: CPR = 6% (t / 30)
If t > 30: CPR = 6%
where t is the number of months since the mortgage originated.
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The overriding challenge that confronts today's internal communicators is to convince employees that management not only wants to communicate with them, but also wants to do it in a truthful, frank, and direct manner
Indicate whether the statement is true or false
The marketing department at Acme Global is loosely structured with little hierarchy. This allows for different employees to take the lead on different projects based on their work loads and their interests. Jonathan joined the department from a company at which the marketing department had clear lines of authority. He quit Acme Global after two months saying that he just could not figure out how to contribute to the department. It appears that the Acme Global job lacked _________ for Michael.
A. ability-job fit B. personality-job fit C. person-organization fit D. ability-person fit E. ability-personality fit
Identify some scheduling optimization systems that are used at retail stores. Describe what these systems do
What will be an ideal response?
Heritage Wines has national distribution agreements with wineries across the United States such as Cakebread and Robert Mondavi in Napa Valley, California. Heritage Wines receives their inventory from their winery suppliers and makes the wine available to customers-restaurants, bars, hotels, etc., through their sales representatives and extensive catalog. What type of business market does Heritage Wines represent?
A. Reseller B. Institution C. Government D. Producer