Assume that you are considering purchasing a pass-through security, with the following characteristics. PSA 469 Principal...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assume that you are considering purchasing a pass-through security, with the following characteristics. PSA 469 Principal Balance 25,000,000 WAC 5.400% Pass-Through Coupon Regular Payment Original term # of months remaining 5.150% 141,998.88 360 350 The price of the bond is $24,500,000. In your first month of ownership, what is the prepayment? Ro your answer to the nearest dollar and DO NOT ROUND YOUR INTERMEDIATE CALCULATIONS. Assume that you are considering purchasing a pass-through security, with the following characteristics. PSA 469 Principal Balance 25,000,000 WAC 5.400% Pass-Through Coupon Regular Payment Original term # of months remaining 5.150% 141,998.88 360 350 The price of the bond is $24,500,000. In your first month of ownership, what is the prepayment? Ro your answer to the nearest dollar and DO NOT ROUND YOUR INTERMEDIATE CALCULATIONS.
Expert Answer:
Answer rating: 100% (QA)
Prepayment 25000000 5150 12 1 1 1 1 1 5400 123501 469 Prepayment 250000... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Assume that you are considering purchasing stock as an investment. You have narrowed the choice to DVR.com and Express Shops and have assembled the following data. Selected income statement data for...
-
Assume that you are considering purchasing stock as an investment. You have narrowed the choice to CDROM.com and E-shop Stores and have assembled the following data. Selected income statement data...
-
Assume that you are considering purchasing stock as an investment. You have narrowed the choice to CDRom.com and Web Stores and have assembled the following data. Selected income statement data for...
-
A sample of size n is randomly selected from a non-normal population with mean and standard deviation o. a. Describe the mean and standard deviation of the sampling distribution of X for all samples...
-
Assume you are a manufacturer of small kitchen electrics, like Hamilton Beach/Proctor Silex, and you want to determine if some innovative designs with unusual shapes and colors developed for the...
-
Mary Cravens is an accountant for City Appliance Corporation. One of Mary's responsibilities is developing the ending inventory amount for the calculation of cost of goods sold each month. At the end...
-
Bert C. Roberts Jr. was chairman of WorldComs board of directors. Immediately before that, he had been chairman of MCI, which WorldCom acquired on September 14, 1998, in a transaction valued at...
-
Linden Company manufactures and sells a single product. Cost data for the product follow: Variable costs per unit: Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . $ 6 Direct labor ....
-
Lab: Structured Query Language (SQL) Queries with Data Manipulation Language (DML) Assignment Instructions LAB: STRUCTURED QUERY LANGUAGE (SQL) QUERIES WITH DATA MANIPULATION LANGUAGE (DML)...
-
Marcus Enterprise began is 2011 when Damien Marcus invested $8,000 in exchange for capital stock. The following in the work sheet for the company at the end of the first year in business. Prepare an...
-
Anthony and Hannah are young married couple who got married nine years ago. Both of them are 32 years old and have three children, who are two, five and seven years old. Ever since they were married,...
-
What type of inheritance does Java have? a . . Class Inheritance b . . Single Inheritance c . . Multiple Inheritance d . . Double Inheritance
-
Encapsulation is supported by _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ a . . None of the above b . . Objects c . . Classes d . . Methods
-
Assume that a Stack is implemented in a class named "StackArray" with an integer array that has 100 elements. What will be the output after the given code is executed? int[] values = { 2, 4, 6, 8,...
-
In QPSK ( ( Quadrature Phase Shift Keying ) , ) , how many bits are represented by each symbol? A . 1 . 1 B . 2 . 2 C . 4 . 4 D . 8 . 8
-
A sound pulse emitted underwater reflects off a school of fish and is detected at the same place 0.063 s later . How far away are the fish. (speed of sound in water is 1440 m/s)?
-
Consider the following two ordered bases of R: B = {(1, 1), (1, 0)}, = {(1, 1), (3, 2)}. a. Find the change of basis matrix from the basis B to the basis C. [id] = 10 10 b. Find the change of basis...
-
4. Jobe dy -Y 2 et by
-
The following selected transactions were completed by Epic Co. during August of the current year: Aug. 3. Purchased merchandise on account for $33,400, terms FOB destination, 2/10, n/30. 9. Issued...
-
1. Compare the asset turnover ratios for Delta Air Lines (see the chapter illustration), United (MBA 7-5), Southwest (MBA 7-6), and JetBlue (MBA 7-7). Use Year 2 of Delta and JetBlue for your...
-
What particular item of financial or operating data appears on both the income statement and the statement of stockholders equity? What items appear on both the balance sheet and the statement of...
-
(a) The longitudinal data set "v4c" is in the vertical format; transform it into the horizontal format. (b) Transform the data set you obtained in part (a) back into the vertical format.
-
Perform some exploratory analysis on the DTS study described above. (a) Compute the mean and standard deviation of the HamD scores for the two treatment groups at each time point. (b) Treat repeated...
-
Plot the mean/SD of HIV knowledge of adolescent girls at baseline and three months post treatment stratified by treatment for the Sexual Health study.
Study smarter with the SolutionInn App