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

question 98

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.
• E)$4,441,372; $3,632,446.

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Definitions:

Amygdala

A set of neurons located deep in the brain's medial temporal lobe, involved in processing emotions such as fear and pleasure.

Mesolimbic Dopamine

Refers to the dopaminergic pathway in the brain that is primarily involved in the reward and pleasure centers, playing a key role in motivation and reward-seeking behaviors.

Organism Motivation

The internal and external stimuli that drive an organism to take action or exhibit behaviors towards achieving a particular goal.

Function of Emotions

The role emotions play in influencing how individuals interact with the world, including decision-making and social relationships.