Ginnie Mae Pass-Through certificates are U.S. Government guaranteed, so trades settle in Fed Funds. providing the bulk of the money candidates use to run for office. The U.S. Government issues Treasury Bills in book entry form only. An exception is the interest income received from mortgage backed passthrough certificates (issued by GNMA, FNMA, FHLMC). The best answer is A. Which statement is TRUE about PO tranches? It was called "an expression of the American mind." B. All of the following issue agency securities EXCEPT: A. FNMAB. They are sold at auction by the Treasury on an "as needed" basis to meet unexpected cash shortfalls, so they are not part of the regular auction cycle. Towing. Search for an answer or ask Weegy. II and IIID. All of the following statements are true about CMOs EXCEPT: A. CMO issues have a serial structureB. 10 year Double Barreled BondsB. This means that the opportunity cost of external equity capital is about 15 percentage points higher than that of retained earnings." A Thus, the certificate was priced as a 12 year maturity. Do not confuse this with the "average life" of the mortgages in the pool that backs the CMO. Treasury Bills, Bonds, and Notes Date Rate Bid Ask YieldJan 21 3 5/8 98-27 98-31 3.67Feb 21 3 1/2 94-14 95 3.68Feb 25 3 7/8 95-01 95-06 4.07Feb 27 4 3/4 119 -07 119-13 3.98A customer who sells 5M of the Jan 21 3 5/8% bonds will receive (excluding commissions): A. D This interest income is subject to both federal income tax and state and local tax. Added 3 hours 44 minutes ago|3/1/2023 11:29:26 PM, Updated 3 hours 12 minutes ago|3/2/2023 12:01:36 AM. The price movements of IOs are counterintuitive! Louisiana Lateef never received or indorsed the check. All of the following statements regarding policy loans are true except: A. the policy owner may never borrow more than the policy cash value. At maturity, the receipt will have an adjusted cost basis of par, and will be redeemed at par, for no capital gain or loss.Broker-dealers that issue the Receipts make a market in the units. D I, II, III, IV. a. B) more goods in the economy than what would be attainable through domestic production alone. this account. any business dealing requiring an operating license. d. C Personal Property Coverage--Other coverages include watercraft liability coverage, uninsured boaters, and even towing is usually available. Haydn's opus 33 string quartets were first performed for The focus of the Final Planning Meeting (FPM) includes all of the following except? There is no standard policy form. The spread is: A. B. the policy cash value serves as collateral for the loan. Both Ginnie Mae and Fannie Mae pass-through certificates are issued in $25,000 denominations; are backed by VA and FHA insured mortgages; and pay monthly. Considering only operations-based exercises, these are the documents developed for exercise evaluators: Controller and Evaluator (C/E) handbook, Master Scenario Events List (MSEL), and Exercise Evaluation Guides (EEGs). Market interest rate movements have no effect on the stated interest rate paid by the security; and would not affect the credit rating of the issue. Thus, the certificate was priced as a 12 year maturity. d. Agency CMOs are traded in the public markets while Private Label CMOs can only be sold in private placements and cannot be traded. The best answer is A. The party activity of governing involves _______ and _______, Controlling government; enacting the party's policy agenda, Since party activists tend to be more extreme in their ideologies, they pull party policy agendas, According to the textbook, the relationship between citizens and parties today is best reflected by, citizens' growing dissatisfaction with parties because moderates find themselves poorly represented and frustrated at the emergence of hyperpartianism. c. II and III. The spread is $5.00 per $1,000. I and IVC. Since interest is paid semi-annually, each payment will be for $93.75. $4,906.25B. 107C. If the mortgages backing a Ginnie Mae Pass Through Certificate are prepaid (if interest rates have dropped), the certificate holder receives payments that are a return of principal, and that, when reinvested at lower current rates, produce a lower return (this is reinvestment risk). An Outboard Policy. Treasury NoteD. D) e. they put pressure on members of the party in Congress to vote on the basis of the party's ideology. II and IV. Government agency securities have an indirect backing (or implicit) by the U.S. Government. They restricted the federal government from making war with any other countries. \text {Marketable securities} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots & 160,000\\ To solve a problem, the nurse manager understands that the most important problem-solving step is: Top 7 leon - glaub nicht alles, was du siehst amazon prime 2022, Top 8 fernbeziehung partner zieht sich zurck 2022, Top 9 vor allem werden sie mit hhner kanonen beschossen 2022, Top 7 lenovo tablet akku ldt nicht bei netzbetrieb 2022, Top 6 werfen alle hirsche ihr geweih ab 2022, Top 9 meine frau hat einen anderen was tun 2022, Top 8 kinder und jugendkrankenhaus auf der bult 2022, Top 6 besteck richtig legen nach dem essen 2022, Top 8 funpot guten abend gute nacht bilder kostenlos gif lustig 2022, Top 5 versetzung auf eigenen wunsch lehrer 2022. During the Civil War crisis, the Supreme Court See more. Policies are written in increments of one million II and IIID. a. Plain vanillaB. \text{Capital stock } & \cdots\cdots\cdots\cdots\cdots\cdots\cdots & 250,000\\ FNMA certificates are not directly backed by the U.S. Government. D The party that usually gets the most votes is the party that, The rank-and-file members who carry out the party's electioneering efforts are the, The major source of money for party fundraisers comes from, individual donors and political action committees, The statement that third parties are irrelevant in modern-day politics is, less accurate than in the past due to the Tea Party victories of the 2010 midterm elections, Primary voters, party activist, and big money donors, tend to be more ideological and issue oriented than the voters in the general election, According to James Madison, political parties were. ", All of the following are true statements regarding both Treasury Bills and Treasury Receipts EXCEPT: A. interest is paid at maturityB. A. Treasury NotesC. CMOs have a lower level of market risk (risk of price volatility due to movements in market interest rates) than do mortgage backed pass-through certificates. All CMO tranches have the same credit rating - AAA (Moody's) or AA (Standard and Poor's). For example, a 30 year Treasury Bond might have a coupon rate of 4%; but a 30 year TIPS has a coupon rate of 2.75%. They have a much higher minimum to discourage small investors (who tend to be less sophisticated) from buying them - because they have difficulty in quantifying risks of shortening or lengthening maturities, due to interest rates falling or rising, respectively. Municipal bondD. The spread is $1.25 per $1,000C. See Answer. U.S. Government Agency Securities trade flat, D. U.S. Government Agency Securities' accrued interest is computed on a 30 day month / 360 day year basis. Do public opinions polls show this party's platform was the one supported by the voters at the time it was written? II and IV. Each tranche within a CMO has a different maturity and yield. $375.00. d. Republicans are more likely than Democrats to believe that defense spending should be increased. Which of the following statements are TRUE about Treasury Receipts?I The underlying securities are backed by the full faith and credit of the U.S. GovernmentII The interest coupons are sold off separately from the principal portion of the obligationIII The securities are purchased at a discountIV The securities mature at par A. I and II onlyB. For example, there may be 10 tranches in the pool, with the first tranche having an expected life of 1-2 years, the second tranche having an expected life of 3-5 years, the third tranche having an expected life of 5-7 years, etc. C. The national government relies on taxes collected by state governments. It has a 60-day automatic coverage for newly acquired items--Automatic Coverage under the Personal Jewelry Floater is 30 days. Governments. f(x)=1+x+x2/5f(x)=1+x+x^{2/5} The national government is responsible for declaring war. which of the following is not true of the real estate commissioner which of the following is not true of the real estate commissioner In the above-mentioned options, all the statements are correct, except option 2. b. preparing external financial statements in compliance with GAAP deciding whether or not to use automation making equipment repair or replacement decisions measuring costs of production for each product produced 6. FAIR means Fair Access to Insurance Requirements Fiscal adequacy b. Coreless Stretch Film; Pre-Stretch Film; Hand Roll; Machine Roll; Jumbo Roll; Industrial Plastic Division. A the decision allowed the federal government to grow and expand. Ob Od It is wrong for the government to tax gasoline Lowering the taxes on gasoline would decrease the price at the pump The taxes on gasoline should be lower The government is trying to mislead . CMO issues are more accessible to individual investors than regular pass-through certificates, D. CMO issues have the same market risk as regular pass-through certificates. Appraisal is usually mandatory The bonds are put into a trust, and "units" of the trust are sold to investors. A deductible only applies to loss of contents--A separate deductible applies to contents and building losses. Treasury STRIPS are bonds "stripped" of coupons, meaning all that is left is the principal repayment portion of the bond. When interest rates rise, the price of the tranche fallsB. Exercise documentation is written with specific audiences and exercise types in mind. Which statement is TRUE about floating rate tranches? An annual upward adjustment due to inflation is taxable in that year; an annual downward adjustment due to deflation is not tax deductible in that year.B. lower extension riskC. U.S. Government and agency bond trades settle in Federal Funds, which are good funds the business day of the funds transfer (next business day for regular way settlement of government securities). D . II and IIID. The 13th Amendment to the Constitution established dual federalism. User: All of the following are true statements about discussion-based exercises except: Weegy: Discussion-based exercises are used to: Develop new plans, policies, agreements, and procedures. A. If the maturity lengthens, then for a given rise in interest rates, the price will fall faster.When interest rates fall, mortgage backed pass through certificates rise in price - at a slower rate than for a regular bond. Is not subject to any deductible Some companies do not write the endorsement. The note pays interest on Jan 1st and Jul 1st. Thus, PACs have lower extension risk than plain vanilla CMO tranches. D II and IIID. There is no deductible (retention) unless the umbrella is dropping down to cover a loss that the primary policy did not cover. d. If market interest rates drop substantially, homeowners will refinance their mortgages and pay off their old loans earlier than expected. A A sociologist wants to pick 333 fifth-grade students from each of four schools. The U.S. Government issues Treasury Bonds (and Treasury Bills and Notes) in book entry form, in minimum denominations of $100. All of the following are purchase and payout options for variable annuity contracts EXCEPT: A. CMO investors are subject to all of the following risks EXCEPT: A. B. B) they are considered safer than corporate debt securities. b. recruiting candidates to be nominees. The Weegy: A modal verb (also modal, modal auxiliary verb, modal auxiliary) is a type of auxiliary verb that is used to All of the following are true statements about discussion-based exercises except: A component of developing and executing an exercise program is: When is the draft Improvement Plan (IP) created? Normal and lognormal distributions use mean and standard deviation to quantify risks Some of the accounts appearing in the year-end financial statements of Gino, Inc., appear below. C . What are some of the most important export crops in the region? $4,920.00D. From the basis quote, the dollar price is computed. a. e. Party machines originated with the Jacksonian Democrats. d. B) Treasury notes. I, II, IVD. The spread is: A. If the coefficient matrix of the system is invertible, solve the system by using the inverse. Conversely, CMO tranch holders are subject to extension risk - the risk that the expected life of the tranch becomes much longer due to a rise in interest rates causing homeowners to keep their existing mortgages longer than expected. Interviewing techniques are used to quantify the probability and impact of the risks on project objectives B. The current state of American political parties can be described as, being in a period of both realignment and dealignment, Party organizations engage in recruiting candidates, for races they think they can win but that are not attractive to ambitious politicians, Party officials complain about the open primary because, members of the other party can contaminate the nomination process, One impact of televising the national conventions is that, political parties choreograph events during prime time, Media coverage of the general election process has. d. $4,913.50B. parties were primarily an elite phenomenon. c. taking part in primary elections. C O sole proprietorships must obey employee and consumer regulations. II and IV. If prepayments increase, they are made to the Companion class first. The best answer is A. d. An IO is an Interest Only tranche. The West 4.50%C. TACs do not offer the same degree of protection against "extension risk" as do PACs during periods of rising interest rates - hence their prices will be more volatile during such periods. The Treasury market is the deepest, most active trading market in the world; and U.S. Government securities are considered to be free of credit risk. This is a tranche that only receives the principal payments from an underlying mortgage, and it is created with a corresponding IO (Interest Only) tranch that only receives the interest payments from that mortgage. Treasury Receipts are a zero-coupon obligations that must be accreted annually for tax purposes. The implicit rate of return is locked-in when the security is purchased. Interest rate riskB. When discussing this with the client, you should advise him that if market interest rates fall:A. principal will be repaid earlier than anticipated and will need to be reinvested at lower rates, generating a lower level of incomeB. A customer will buy at the ask price, which is 101 and 8/32nds = 101.25% of $5,000 par = $5,062.50. Whenever an individual stops drinking, the BAL will ________________. If the maturity lengthens, then for a given rise in interest rates, the price will fall faster. U.S. Government and Agency securities never trade flat (meaning without accrued interest), since a default is almost impossible. sole proprietors must follow all laws, including, federal, state, and local regulations: securities laws; and employee and consumer protection regulation. Essentially, Treasury Receipts are "zero coupon" Treasury bonds or Treasury notes that pay interest earned at maturity. b. have previously assembled a winning coalition in their district. Asked 4 hours 30 minutes ago|3/1/2023 10:44:03 PM, Updated 3 hours 36 minutes ago|3/1/2023 11:37:49 PM. Because CMO issues are divided into tranches, each specific tranche has a more certain repayment date, as compared to owning a mortgage backed pass-through certificate. c. a service sector-based economy II and IIID. Government Agency securities are:IQuoted in 1/8thsIIQuoted in 1/32ndsIIITraded with accrued interest computed on an actual day month / actual day year basisIVTraded with accrued interest computed on a 30 day month / 360 day year basisU.S. A TAC bond is designed to pay a "target" amount of principal each month. c. Changes from one era to another are often marked by a critical election. 4/32nds = .125% of $1,000 par = $1.25. The federal government is the reinsurer All of the following statements about dual federalism are TRUE except: a. Covers only one (1) growing season The interest on these securities is subject to both Federal, State and Local income tax; hence CMOs are taxed in the same manner. Therefore, as interest rates move up, the interest rate paid on the tranche goes up as well; and when interest rates drop, the interest rate paid on the tranche goes down as well. reduction of burden. A. A 5 year, $1,000 par, 3 1/2% Treasury Note is quoted at 101-4 - 101-8. Governments. 4.70%, The best answer is A. All of the following are true regarding DIC policies, except: it attempted to regulate a local problem. $4,945.00. c. Their goal was to take advantage of the expansion of voting right to all white men in the early nineteenth century. A. Thus, the expected mortgage repayment flows from the underlying pass-through certificates slow down, and the expected maturity of the CMO tranches will lengthen. C These include Treasury Notes, Treasury Bonds, Corporate Bonds, and Municipal Bonds. II, III, IVD. Treasury BillsB. Governments. first mortgage bondD. Rating. d. Prepayment riskC. Which of the following statements about Treasury STRIPS are TRUE?I Treasury STRIPS are susceptible to purchasing power riskII Treasury STRIPS are not susceptible to purchasing power riskIII Treasury STRIPS are subject to reinvestment riskIV Treasury STRIPS are not subject to reinvestment risk A. I and IIIB. \text {Retained earnings} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & 240,000\\ T-BondD. Lateef. The increase in value of the Strip as it gets closer to maturity is the "interest" earned. d. holding conventions. Only covers the peril of hail Select the two correct answers. A CMO divides the cash flows from underlying mortgage backed pass-through certificates into "tranches" ("slices" in French). User: 8. D. the right to a policy loan applies to term and permanent insurance policies. Polyethylene Film / PE Sheet
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