$352,696 lender stand to lose in the absence of pmi. A borrower may be required to PMI as a condition of obtaining a conventional mortgage loan.
<h3>What is Private Mortgage Insurance (PMI) ?</h3>
Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. When a buyer puts down less than 20% of the home's price, the majority of lenders demand PMI.
In contrast to most insurance types, this one safeguards the lender's investment in the house, not the policyholder. However, PMI enables some people to purchase a home more quickly. PMI makes it possible for people to get financing if they decide to put down between 5% and 19.99% of the home's cost.
It does, however, incur additional monthly expenses. Until they have built up enough equity in the property that the lender no longer views them as high-risk, borrowers must continue to pay their PMI.
Formula for calculating PMI :Divide the loan amount by the property value. Then multiply by 100 to get the percentage. If the result is 80% or lower, your PMI is 0%, which means you don't have to pay PMI.
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Answer:
. c. Ownership can be transferred without affecting operations.
d. Managers can be fired with no effect on ownership.
Explanation:
Corporations are types of business organisation. A corporation is owned by shareholders. Ownership can be transferred by acquiring shares in the company.
Shareholders usually have a limited liability.
Managers are hired by the owners to run the business. Managers can be fired with no effect on ownership because they aren't owners of the company.
Corporations usually have unlimited life.
I hope my answer helps you
Answer:
Portfolio return = 0.1004646154 or 10.04646154% rounded off to 10.05%
Option B is the correct answer
Explanation:
The expected return of a portfolio is the function of the weighted average of the individual stock returns that form up the portfolio. The formula to calculate the expected return of a two stock portfolio is as follows,
Portfolio return = wA * rA + wB * rB
Where,
- w is the weight of each stock
- r is the rate of return on each stock
As the investment in total portfolio is 97500 and the investment in stock A is 84650, the investment in stock B will be,
Stock B = 97500 - 84650 = 12850
Portfolio Return = 84650 / 97500 * 0.106 + 12850 / 97500 * 0.064
Portfolio return = 0.1004646154 or 10.04646154% rounded off to 10.05%
