Payment bonds - Study guides, Class notes & Summaries

Which investment company does NOT charge a management fee? - ANSWER-A unit investment trust Shares of a closed-end fund are available on the NYSE at $21.50 per share. The customer will pay: - ANSWER-$21.50 + a commission All of the following statements are TRUE about closed-end investment companies, EXCEPT that the: - ANSWER-Shares may not sell below the current net asset value Which of the following stipulations is NOT included in a letter of intent? - ANSWER-The fund may stop redempti...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Preliminary Project Description PPD describes the scope and relationships of major elements organized in terms of building systems and components - CSI recommends UniFormat for PPDS - describes as a system of components Outline specifications an abbreviated set of specification requirements normally included with schematic design or design development documents. Bassi for revising estimates of cost/schedule value - Record decisions shop drawing not a contract document - repared by contract...

A corporate bond's coupon rate is the annual coupon payment divided by: the bond's face value. the bond's current price. $100. the bond's maturity period. correct answers The bond's face value University Corp. issued five-year bonds that pay a coupon of 6.5 percent semiannually. The current market rate for similar bonds is 5.5 percent. How much will you be willing to pay for the bond today? Do not round intermediate calculations. Round your answer to the nearest dollar. $1,043 $1,0...

Vivian buys a life insurance policy in which the insurer pays policyholders dividends based on how well the life insurer is doing. If the insurer is profitable, Vivian will receive dividends. If the insurer underperforms financially, Vivian and other policyholders will receive fewer dividends. Indicate the type of insurance policy Vivian purchased. A. Variable life insurance. B. Participating life insurance. C. Limited-pay life insurance. D. Non-participating life insurance - B. Participa...

STC SIE Exam Final Practice Questions and Answers Already Passed Which aspect of periodic payment variable annuities remains unchanged for the holder? A. The quantity of annuity units held by the client remains constant. B. The total number of accumulation units for the client remains fixed. C. Annuity agreements do not include beneficiaries. D. The monthly payment amount adjusts according to the inflation index. A. The quantity of annuity units held by the client remains constant. ...

Earned Income Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work If you are not claimed as a dependent on another taxpayer's return, then you can claim one personal ...

CDS - Exam 1 Questions with 100% Verified Correct Answers Labor and material payment bonds provide the necessary protection on public projects - Correct Answer TRUE Miller act corresponds with what.? - Correct Answer Labor and material payment bond Architects should not advise owners and the legal sufficiency of required affidavits, waivers, or releases of liens. - Correct Answer TRUE Liens are not permitted on public projects. - Correct Answer TRUE Architect must review, approve, a...

Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: All residential mortgage loan originators must register with Answer: NMLSR National Mortgage Licensing System & Registry Q: Who is responsible for affordable housing Answer: TDHCA Texas Department of Housing & Community Affairs Q: Who is applicable to all federally related mortgage loans Answer: RESPA Real Estate Settlement Procedure Act ...

face value The amount the bondholder will be repaid at maturity. coupon rate the interest paid on a bond, expressed as a percentage of the bond's par value expressed in APR coupon payment formula (Coupon Rate)*(Face Value)/(# of payments per year) zero coupon bond a bond that makes no coupon payments and is thus initially priced at a discount pure discount bonds Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ a bond that make...