The Following Information Is for a Collateralized Mortgage Obligation (CMO)

question 12

Multiple Choice

The following information is for a collateralized mortgage obligation (CMO) .Tranche A has a face value of $50 million and pays 6 percent annually.Tranche B has a face value of $50 million and pays 8 percent annually.All mortgages have maturities of 30 years.

What are the annual payments promised to Tranche A and Tranche B,respectively,assuming no prepayments and non-amortization?

• A)$3,632,446;$4,000,000.
• B)$4,000,000;$3,000,000.
• C)$3,000,000;$4,000,000.
• D)$3,632,446;$4,441,372.

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Definitions:

Individual Heterosexism

Discriminatory attitudes or beliefs held by individuals that favor heterosexual orientation over other sexual orientations.

Heteronormative Culture

refers to societal norms and practices that reinforce the belief that heterosexuality is the only normal and natural expression of sexuality.

Oversexualization

The action or process of portraying someone or something in an excessively sexual manner.

Cultural Identity

The feeling of belonging to a group that shares common cultural traits, such as traditions, language, values, or regional culture.