Explain whether you agree or disagree with the following statement: "Most CMBS deals are backed by newly originated commercial mortgage loans."
What will be an ideal response?
Commercial mortgage-backed securities (CMBS) are backed by loans secured with commercial rather than residential property. The CMBS market provides liquidity and diversification to commercial real estate investors and ready access to capital for commercial lenders. A commercial mortgage loan is originated either to finance a newly originated commercial purchase or to refinance a prior commercial mortgage obligation. Regardless, the lender needs to look at the cash flow from the property backing payment of the interest and principle.
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Suppose that the production of $500,000 worth of steel in the United States requires $100,000 worth of iron ore. The U.S. nominal tariff rates are 15 percent for steel and 5 percent for iron ore. Given this information, the effective rate of protection for the U.S. steel industry is approximately
a. 6 percent. b. 12.5 percent. c. 18 percent. d. 17.5 percent.
To avert a conflict spiral and move toward an interests-based exchange,
A. shift the conversation by asking an interests-related question. B. avoid reciprocating messages involving power. C. use all of these tactics. D. avoid reciprocating messages involving rights.
The units sold or expected to be sold or sales revenue earned or expected to be earned above the break-even volume is called
A) Margin of safety B) Operating leverage C) Break-even point D) Contribution margin E) Super break-even point
What is calculated by dividing the firm's sales by the total market sales for the entire industry?
A. Break-even point. B. Irr. C. Market share. D. Income statement.