How much of the $3,000,000 regularly scheduled principal payment is distributed to the senior class?
What will be an ideal response?
If the senior percentage is 75% and the scheduled principal payment is $3 million, the senior bond class will get 0.75 × $3,000,000 = $2,250,000 and the subordinated bond class will get $3,000,000 – $2,250,000 = $750,000 (or 0.25 × $3,000,000 = $750,000).
You might also like to view...
A focus group typically consists of how many participants?
A) one to four B) five to eight C) eight to twelve D) thirteen to fifteen E) more than fifteen
A defense against nationalization is to have the assets financed by the overseas company
Indicate whether the statement is true or false.
Which of the following is an element of ERM?
A. Aligning risk appetite and whether fraud has occurred B. Audit risk assessment C. Reducing operational surprises and losses D. Control environment
One concern for incorporating CR as part of the communications department of a firm is that ______________
a. there would be little oversight. b. of insufficient resources. c. it may be subjugated to other messaging. d. it may be viewed as greenwashing.