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Tom [10]
2 years ago
7

A collateralized mortgage obligation (CMO) makes an interest-only payment to an investor. This payment will be

Business
1 answer:
s344n2d4d5 [400]2 years ago
3 0

A collateralized mortgage obligation (CMO) makes an interest-only payment to an investor. This payment will be <u>investors</u>

<h3>What is collateralized mortgage obligation?</h3>

In order to satisfy the needs of investors, a collateralized mortgage obligation (CMO) repackages and directs the payments of principle and interest from a collateral pool to various types and maturities of securities.

The first CMOs were developed in 1983 for Freddie Mac, a supplier of mortgage liquidity in the United States, by the investment banks Salomon Brothers and First Boston. Although Dexter Senft eventually got an industry award for his services, Lewis Ranieri led the Salomon Brothers team and Laurence D. Fink led the First Boston team.

A CMO is not due by the institution that established and ran the business; rather, it is a debt instrument issued by an abstraction, or special purpose entity.

To learn more about collateralized mortgage obligation from the given link:

brainly.com/question/17277747

#SPJ4

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Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows:
Agata [3.3K]

Answer:

2273

Explanation:

In this question, we are asked to calculate Tom Tom’s maximum depreciation for this first year.

The term maximum depreciation is accounting principle talks about to what extent has the value of an asset been used.

To calculate his maximum depreciation, we need to be conversant with some conventions. The mid-month convention is what we need to understand here. What the convention assumes is that an asset which is placed into service during a given month is assumed to have been placed into

Such service at the middle of such month in question. Also, it is also assumed that disposing an asset at the beginning of one month or any other time of the month is same as disposing the said asset at the middle of the month. This is what the mid month convention is talking about.

It must also be noted that Residential property has a 27.5-year recovery period. The depreciation is thus $2,273 ($100,000 x 2.273%). This gives us the value of the maximum depreciation

6 0
3 years ago
Virtual groups resolve issues related to differences in time, distance, technology, member cultures, and organizational environm
kow [346]

The issues on differences in time, distance, technology, member cultures, and organizational environments are address during the <u>storming stage</u> of virtual team formation.

<h3>What is the virtual team formation?</h3>

In a task processes category, the formation consists of five stages which all the virtual teams typically follows which includes forming, storming, norming, performing, and adjourning.

In conclusion, the issues on differences in time, distance, technology, member cultures, and organizational environments are address during the storming stage of virtual team formation.

Read more about virtual team formation

<em>brainly.com/question/25576685</em>

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7 0
2 years ago
A city is spending $20 million on a new sewage system. The expected life of the system is 40 years, and it will have no market v
Gwar [14]

Answer:

−$28,475,000

Explanation:

AW = −$20,000,000 (A/P, 8%, 40) $600,000= −$2,278,000

CW = −$2,278,000 / 0.08

= −$28,475,000

Therefore If the city's MARR is 8% per year, the capitalized worth of the system is

−$28,475,000

5 0
3 years ago
Read 2 more answers
Incidental costs incurred in the purchase of land that are charged to Land Improvements will affect net income at some future ti
ludmilkaskok [199]

Answer:

it’s true

True

Explanation:

7 0
3 years ago
Imagination Museum is holding nominations for its board of directors. It is the first time that over half of the positions are v
NeX [460]

Answer:

E- Gender balance

Explanation:

Gender balance is an important consideration in having a good board for a number of reasons.

  • Gender balance provides diversity of thought, contributing to better decisions being made. This diversity of thought contributes to better stakeholder representation as well as up to pace evolution with the market.
  • Gender balance as well, brings together strengths more expressed in each gender. For instance, men are more objective and women function better at defining responsibilities . Bringing together individual strengths, creates a stronger team and increases efficiency of the board.

  • Gender diversity also increases access to various essential skills such as operational experience, knowledge of the industry.

6 0
3 years ago
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