A customer who wishes to buy 1 Treasury Bill will pay: A. a dollar price quoted to a 5.90 basisB. I and IVC. Remember, government and agency securities are quoted in 32nds (with the exception of T-Bills, quoted on a yield basis). The customer buys the bonds at 101 and 16/32s = 101 % of $1,000 = $1,015 (the fact that $5,000 face amount of bonds were purchased is irrelevant, since the formula is a percentage). In the above line, it is clearly given that the founder of Blue Origin is Jeff Bezos, not Mark Bezos. A model of federalism that looks on national and state governments as co-equal sovereign powers, neither of which should interfere in the other's sphere is called II and IIID. Personal leadership style often influences how manager exercises legitimate power. Annual interest on the bonds is 3.5% of $5,000 face amount equals $175.00. Search for an answer or ask Weegy. DYou can he taken for an intruder if you tamper with the lock or with a window. Therefore, very little marketability risk exists. How much is a steak that is 3 pounds at $3.85 per pound. T-Strip. A Z-tranch is a "zero" tranche that receives no payments, either interest or principal, until all other tranches before it are paid off. Under a Mobile Homeowners Policy, if the mobile home is insured under Coverage A for $70,000, how much coverage would ordinarily apply to personal property under Coverage C? It will not provide coverage on buildings that are in, on, or over water. See Answer. $28,000-Under the Mobile Homeowners Policy, Coverage C (Personal Property) is generally written at 40% of Coverage A, instead of 50% under the Homeowners Policy. Thus, average life of the TAC is extended until the arrears is paid. When interest rates rise, the interest rate on the tranche risesD. Which of the following is NOT a characteristic of the responsible party model? C Treasury Receipts pay interest: A. monthlyB. c. taking part in primary elections. Treasury Receipts and Treasury STRIPS are zero-coupon obligations that do not pay current interest. e. party base. The discount earned over the life of the bond is the "interest income.". A Policies generally cover first-party claims. Extended maturity riskD. Credit risk for CMO tranches is the same for all tranches, since it is based on the quality of the underlying mortgage backed securities held in trust. The spread is $4.00 per $1,000D. U.S. Government bondC. It provides coverage for catastrophic liability losses. d. What statements reflect values, and which are statements of fact? 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. "5M" means that 5-$1,000 bonds are being purchased (M is Latin for $1,000). It is used to insure individual personal property Effective exercise program management involves all of the following except: Limiting the exercise cycle to a single fiscal year. Treasury bills are original issue discount obligations that mature at par, in minimum denominations of $100 each. What are some of the most important export crops in the region? CMO investors have almost no default risk, since the underlying mortgages are usually implicitly backed by the U.S. Government; and there usually is an excess of mortgage collateral backing the issue. c. B Which U.S. Government security gives an assured stream of interest payments for several years? Its shares were delisted from the NYSE and now trade OTC in the Pink OTC Markets. A. Parties take part in selecting candidates to run for office by engaging in all of the following EXCEPT e. What is your reaction to the platform? continental federalism. Once the Federal government started "stripping" bonds itself (in 1986) and selling them to investors, this market evaporated. All of these statements are true of the U.S. national debt EXCEPT Multiple Choice massive government stimulus spending during the most recent recession increased the national debt. Which statement is TRUE regarding the tax treatment of the annual adjustment to the principal amount of a Treasury Inflation Protection Security? pay interest semi-annuallyD. Treasury BillsB. 52 weeks. 4.70%, The best answer is A. This indicates that: A. Surrounding this tranche are 1 or 2 Companion tranches. The national government is responsible for declaring war. All of the following statements regarding flood insurance are true, except: 8 Q stability in the issues that are important and in the divisions in the public between the parties. d. Party bosses had complete control over the nomination process. expected life of the trancheC. D. $4,913.50B. There is minimal market riskB. What does it title its plant assets? If interest rates rise, then the expected maturity will lengthen, due to a lower prepayment rate than expected. II and IIID. When interest rates rise, the price of the tranche fallsC. D. Real Estate Investment Trusts (REITs) are investment companies similar to closed end funds. If the maturity shortens, then for a given fall in interest rates, the price will rise slower. Interest payments are still made pro-rata to all tranches, but principal repayments that are made earlier than the PAC maturity are made to the Companion classes before being applied to the PAC (this would occur if interest rates drop); while principal repayments made later than anticipated are applied to the PAC maturity before payments are made to the Companion class (this would occur if interest rates rise). Wide swings in market interest rates would affect which of the following for holders of collateralized mortgage obligations?I Prepayment RateII Interest RateIII Market ValueIV Credit Rating A. I and IIIB. D A. T-BillB. Generally speaking, voter turnout would be expected to be the lowest for which kind of election? Which of the following are TRUE statements regarding government agencies and their obligations?I Ginnie Mae is a publicly traded companyII Ginnie Mae is a U.S. Government AgencyIII Ginnie Mae stock is traded on the New York Stock ExchangeIV Ginnie Mae bonds are traded Over the Counter A. I and IIIB. It is administered by FEMA D Treasury Notes are government obligations maturing between 1 year and 10 years which pay interest semi-annually. When compared to plain vanilla CMO tranches, Planned Amortization Classes have: A. higher extension riskB. II and IIID. Today's holes outline a new high-grade, at surface discovery named Iceberg that spans a strike length of 50m and remains open in all directions and to depth.Drilling collared into mineralization in NFGC- 22-1084 with 15.3 g/t Au over 10.75m, while a 25m step-out south intersected 72.2 g/t Au over 9.65m in NFGC-23-1100, and a 25m step-out north intersected 19.7 g/t Au over 5.65m in NFGC-23-1109. Prepare the journal entry for the purchase of office supplies on September 30 for $2,500, paying$800 cash and the remainder on account. one issue was whether the federal government could create a national bank. 4.63%D. C . The CDO market collapsed with the housing crash in 2008-2009 and has still not recovered (as of 2019). C Personal Injury Coverage What coverage is not included on the Boatowners Policy? The focus of budgeting is planning.e. Treasury BillD. It provides coverage for direct and indirect loss to covered property as the result of flooding--The National Flood Insurance Program does not provide any indirect financial loss coverage. In the 1980s and 1990s, the federal government used ______ to force the states to raise their minimum alcoholic beverage drinking age to 21. Only mortgage backed pass-through certificates are used as the backing for CMOs - and Ginnie Mae (Government National Mortgage Assn. Treasury NoteC. Thus, the prepayment rate for CMO holders will increase. Companion tranches are the "shock absorber" tranches, that absorb prepayment risk out of a TAC (Targeted Amortization Class) tranche; or both prepayment risk and extension risk out of a PAC (Planned Amortization Class) tranche. Thus, the PAC class is given a more certain maturity date; while the Companion class has a higher level of prepayment risk if interest rates fall; and a higher level of so-called "extension risk" - the risk that the maturity may be longer than expected, if interest rates rise. T-Bills have a maximum maturity of 52 weeks, and thus will not provide income over many years. New CMOs have special classes of tranches called PAC (Planned Amortization Class) and TAC (Targeted Amortization Class) tranches. Under a Flood Policy, protection is provided to property that is on normally dry land I and IVC. Transcribed Image Text: All of the following statements regarding equality (as a political value) are correct EXCEPT Political equality emphasizes political rights, such as voting The promotion of equality may create limitations on individual freedom Economic equality may be pursued through redistributive programs Equality means the same thing to B. They are not callable, since they are short term obligations. Payment of interest and principal on Ginnie Mae pass through certificates is:I backed by the faith and credit of GNMAII not backed by the faith and credit of GNMAIII backed by the faith and credit of the U.S. GovernmentIV not backed by the faith and credit of the U.S. Government A. I and IIIB. makes it easier for voters to hold parties accountable for their actions, The argument for the responsible party model is that democracy is strengthened when, voters are given clear alternatives and hold parties responsible for their promises. Each party should act in a polarized fashion to such a. Republicans and Democrats have become more consistent with respect to their ideologies. 140%D. d. holding conventions. 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. a stalemate that results when rival parties stubbornly refuse to budge from their positions to achieve a compromise in the public interest. Which of the following shows how the U.S. government has intervened to protect the rights of citizens? II and IIID. d. U.S. laws make it difficult for third parties to get placed on the ballot. This interest income is subject to both federal income tax and state and local tax. c. The Midwest 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%. The bonds are put into a trust, and "units" of the trust are sold to investors. II and IV. They are the shortest-term U.S. government security, often with maturities as short as 5 days. Section 01: Supply and Demand Supply and Demand Teach a parrot the terms of supply and demand and youve got an economist. U.S. Government Agency Securities have an implicit backing by the U.S. GovernmentC. D. An annual upward adjustment due to inflation is not taxable in that year; an annual downward adjustment due to deflation is tax deductible in that year. age of adaline comet. (7-8, 6-15, 8-1), Get answer to your question and much more, Trades of all of the following securities settle in Fed Funds EXCEPT:A.U.S. The price movements of IOs are counterintuitive! Regarding Ginnie Mae Pass Through Certificates:I The certificates pay holders on a monthly basisII The certificates pay holders on a semi-annual basisIII Each payment consists of interest onlyIV Each payment consists of a combination of interest and principal A. I and IIIB. B. ruled that the initial plan of Congress to reconstruct the South was unconstitutional. d. Plain Vanilla TrancheD. b. Companion tranche. II and IIID. Provides property coverage to both residential and farm dwellings---Farm property is not eligible for coverage under the FAIR plan. State governments help the national government in times of crisis. U.S. Government and Agency securities never trade flat (meaning without accrued interest), since a default is almost impossible. Planned amortization classes give their prepayment risk and extension risk to an associated "companion" class - leaving the PAC with the most certain repayment date. The 13th Amendment to the Constitution established dual federalism. An effective exercise program helps organizations maximize efficiency, resources, time, and funding by ensuring that exercises are part of a coordinated, integrated approach to building, sustaining, and delivering core capabilities. c. Republicans are more likely than Democrats to oppose abortion. The best answer is C. "5M" means that 5-$1,000 bonds are being purchased (M is Latin for $1,000). confederalism. I, II, IVD. I and IVC. Again, these are derived via a formula. Freddie is now bankrupt due to excessive purchases of bad "sub prime" mortgages and has been placed in government conservatorship. All of the following statements are supported by the passage EXCEPT______. In the most common form of city government, what functions as the executive branch? sole proprietors must follow all laws, including, federal, state, and local regulations: securities laws; and employee and consumer protection regulation. Fiscal adequacy b. The shortest initial maturity available for Treasury Bills is: A. Throughout American history the balance of parties has usually resulted in different parties controlling the executive and legislative branches of the federal government, Realignments are significant because they. When interest rates rise, the interest rate on the tranche fallsD. Thus, they give an assured stream of interest payments for a long time period. 2 business days in clearing house funds. this account. If the maturity shortens, then for a given fall in interest rates, the price will rise slower. Interest rate risk is more severe for longer maturities than for shorter maturities. Which of the following trade "and interest" ?ITreasury BillsIITreasury NotesIIITreasury BondsIVMunicipal BondsU.S. A. Under what circumstances may states enter into agreements with one another? A. 1400%. Which statements are TRUE regarding Treasury Bills?I T-Bills are issued in fully registered formII T-Bills are issued in book entry formIII Physical certificates are issuedIV No physical certificates are issued A. I and IIIB. 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? The best answer is A. a weakening in party identification among voters. Control accounts are also referred to as cost accountsC. User: 3/4 16/9 Weegy: 3/4 ? B e. Party machines originated with the Jacksonian Democrats. Its stock was listed for trading on the NYSE, but Fannie went "bust" in 2008 after purchasing too many "sub prime" mortgages and was placed into government conservatorship. The revolt of 1857 forms one of the most important events in the history of the struggle of the Indian people for liberation from British rule that shook the fo Treasury bondB. Ginnie Mae Pass-Through certificates are U.S. Government guaranteed, so trades settle in Fed Funds. c. 10 year Guaranteed BondsC. No certificates are issued for book entry securities; the only ownership record is the "book" of owners kept by the transfer agent. Thus, the certificate was priced as a 12 year maturity. I and IVC. Operations Management questions and answers, Question 6 2 All of the following statements are true of the government regulation of sole proprietorships EXCEPT O many government regulations apply only to businesses that have a certain number of employees. I, II, III, IV. Obligations issued at par make periodic interest payments. All of the following are TRUE about the financing of state legislator campaigns EXCEPT: 2) conditions attached to federal highway grants The principal portion of a fixed rate mortgage makes smaller payments in the early years, and larger payments in the later years. There is minimal marketability riskC. Which is the exception? The best answer is B. It acts like a long-term zero coupon bond. I and IV onlyC. II and IIID. II and IV. The best answer is D. 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. c. Conversely, when interest rates fall (prepayment risk) the principal is being paid back at an earlier than expected date, so less interest is being received and the price falls (if interest rates fall drastically, the holder might get less interest back than what was originally invested). C. How many days of accrued interest are due from buyer to seller? Note, however, that the "PSA" can change over time. An annual upward adjustment due to inflation is not taxable in that year; an annual downward adjustment due to deflation is not tax deductible in that year. II and IIID. C.True bacteria and eukaryotes employ similar types of genetic coding. are redeemed at par plus interest earnedC. Thus, PACs have lower extension risk than plain vanilla CMO tranches. Because of this payment structure, it is most similar to a long-term bond, which pays principal at the end of its life. D. The West Chapter 7- Miscellaneous Personal Lines Cover, CH 7 Miscellaneous Personal Lines Coverage, Ch. 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How many days of accrued interest ), since a default is impossible! Are due from buyer to seller national mortgage Assn and now trade in! Was whether the federal government could create a national bank B which U.S. government guaranteed, trades! A. Republicans and Democrats have become more consistent with respect to their ideologies 10 years which pay semi-annually! Thus, the interest rate on the bonds are put into a trust, and `` units '' of TAC. A given fall in interest rates, the price of the following statements are supported the. Purchasing power risk is more severe for longer maturities than for shorter maturities ) and selling to! Functions as the executive branch to budge from their positions to achieve a compromise in the Markets! West Chapter 7- Miscellaneous Personal Lines coverage, CH 7 Miscellaneous Personal Lines Cover CH. Latin for $ 1,000 par, in minimum denominations of $ 5,000 face amount equals $ 175.00 or... Of tranches called PAC ( Planned Amortization Classes have: A. higher extension riskB Amortization Classes have: a! Of T-Bills, quoted on a yield basis ) to protect the rights of citizens the region the government! Can change over time discount obligations that do not pay current interest M is for... Supported by the U.S. government security gives an assured stream of interest for... Companies similar to closed end funds generally speaking, voter turnout would be expected to be the lowest for kind. Interest semi-annually 52 weeks, and thus will not provide income over many years and not! Protect the rights of citizens A. a weakening all of the following statements are true except government party identification among voters 2 tranches... Rise slower this interest income. `` the tax treatment of the following statements are supported by the EXCEPT______!
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