Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
A Collateralized Mortgage Obligation (CMO) is created from a pool of fixed rate residential loans all of which pay 7% interest. For simplicity, the loans mature in 10 years, (are self-amortizing), and have annual payments. There is no over-collaterization. The issuer will received cash flow only after all other classes are fully satisfied. Assume there are no prepayments and no servicing fees. For
a. Tranche A will receive its interest, all principal payments until it is repaid and any additional cash flow into the pool.
b. Tranche B will receive its interest payments only until A is completely repaid, then will receive principal payments and any additional cash flow into the pool.
c. Interest will accrue to the Z tranche until Tranche A and B are completely repaid. After, Z tranche will receive current interest and principal payments.
Based on the below Table, what will Tranche A’s balance be at the end of the first year? (answers are rounded to nearest dollar)
A. 0
B. 1,800,000
C. 6,165,200
D. 11,390.200
E. 21,384,800
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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