A swap contract is in essence a portfolio, or series, of

Which of the following is true of mortgage companies?

a. They prefer to create mortgages for resale. b. They are federally and vigorously regulated. c. They do not act as financial intermediaries. d. They prefer loans other than FHA, VA, or conventional mortgages.

Rose bought a share of stock for $64.50 that paid a dividend of $.50 and sold nine months later for $64.00. What was her dollar profit or loss and holding period return?

A) $0.50, 0.78% B) -$0.50, -0.78% C) $0.00, 0.00% D) There is no correct solution to this question.