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ratelena [41]
3 years ago
11

A borrower is seeking an FHA-insured loan. He will put the minimum 3.5% down payment and pay the upfront mortgage insurance fee

of 1.75%. He will pay the annual mortgage insurance fee of .85% for the life of the loan. His interest rate is 5%, the APOR (as of the date the loan interest rate is locked) is 4.672%, and his APR for this loan is 6.474%. Is this a high-cost mortgage loan, higher-priced mortgage loan, or both
Business
1 answer:
ziro4ka [17]3 years ago
4 0

The APR is greater than the APOR threshold; hence, it is an example of higher priced loan.

<h3>What is APOR?</h3>

APOR  means authorized persons outside of residence and are used by government since the first lockdown in March 2020.

APOR threshold = Current APOR + 1.5%

APOR threshold = 4.672% + 1.5%

APOR threshold = 6.172%

The given APR in question is 6.474%.

In conclusion, the APR is greater than the APOR threshold; hence, it is an example of higher priced loan.

Read more about APOR

<em>brainly.com/question/13834243</em>

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4 years ago
Glavine Company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of it
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Answer:

                                                                                        $

Market value of common stocks   (6,000 x $25)  = 150,000

Market value of preferred stocks (9,000 x   $20) = 180,000

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Proceeds allocated to common stocks

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The correct answer is B

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The market value of the company is the aggregate of market value of common stocks and market value of preferred stocks.The market value of each stock is equal to number of each stock outstanding multiplied by market price per share. Thus, the proceeds allocated to common stock equals the market value of equity divided by market value of the company multiplied by the lump sum.

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3 years ago
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A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true? a. The company will recognize sale
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Answer:

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So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.

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4 years ago
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mihalych1998 [28]

Answer: The correct answer is "B. may be less than the variance of the least risky stock in the portfolio.".

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