Explain how, given the cash flow on the simulated interest-rate paths, the average life of a RMBS is determined
What will be an ideal response?
Given the cash flow on the simulated interest-rate paths, the average life can be determined for each path. The average life reported in a Monte Carlo analysis is the average of the average lives along the interest-rate paths. As with the theoretical value, additional information is conveyed by the distribution of the average life. The greater the range and standard deviation of the average life, the more uncertainty there is about the security's average life.
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Which of the following rights is guaranteed by the Fifth Amendment?
a. Receive a speedy and public trial. b. Be heard by an impartial jury. c. Be represented by legal counsel. d. Requires the state to apply due process of law.
MPR, unlike advertising, is designed to maximize exposure by reaching out to multiple media outlets, consumer groups, and experts who can connect with the target consumer in a variety of ways
Indicate whether the statement is true or false
Write a short note on race-norming.
What will be an ideal response?
Kathy is the secured party in a transaction with Julie, who is the debtor. The collateral is a 2007 Chevrolet F150 pick-up truck. Kathy files a financing statement in which she describes the collateral as "a vehicle.". To perfect Kathy's interest this is
a. not sufficient. b. sufficient. c. sufficient if the financing statement also includes Julie's signature. d. sufficient if the financing statement also includes the location of the collateral.