Business, 11.05.2021 17:20 hihowareyou12

In a certain CMBS issue, $500 million of senior securities and $100 million of mezzanine (junior) securities are issued. The coupon on the senior securities is 7% and that on the mezzanine is 9%. The average contractual interest rate in the underlying mortgage pool is 10% and the mortgages in the pool are interest-only. Assuming annual interest payments, the pool is not overcollateralized, and no par value retired or defaulted. Required:
How much residual interest will be available for an IO tranche from these two par-valued tranches at the end of the first year?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 04:30

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Answers: 3

Answer

Business, 22.06.2019 14:30

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.

Answers: 2

Answer

Business, 22.06.2019 14:30

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

Answers: 3

Answer

Business, 22.06.2019 16:50

In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase

Answers: 1

Answer

You know the right answer?

In a certain CMBS issue, $500 million of senior securities and $100 million of mezzanine (junior) se...

Questions