After home mortgage loans are originated by “retail” lenders, they are often sold in various forms to other institutions and investors who are the long-term holders of the mortgages and mortgage-backed securities. Over the last 30 years, what has been the most prominent trend among long-term home mortgage holders/investors?
Read DetailsThe following question is worth 4 points. Given the following expected cash flow stream, determine the IRR of the proposed investment in an income producing property and determine whether or not the investment should be pursued using IRR as your decision making criteria. Investment horizon: 5 years; expected yearly cash flow in each of the next five years: $127,628; expected sale price at end of 5 years: $1,595,350; required return on equity: 5%; acquisition price of property: $1,750,000
Read DetailsThe mother of a two-month-old baby complains that her baby is constipated, has a bloated abdomen and has been vomiting quite frequently lately. The baby has lost weight since the last visit. Upon examination you note the baby’s belly is quite distended with noticeable stool in the colon, though the rectum is empty. A barium enema imaging series shows a markedly constricted terminal bowel. A biopsy of the rectum shows an absence of the parasympathetic ganglia in the rectal wall. A defect in the development of which of the following could best account for this condition?
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