Fannie Mae, Ginnie Mae, and Freddie Mac all
A) originate residential mortgage loans.
B) purchase existing mortgage loans.
C) insure residential mortgage loans.
D) guarantee existing mortgage loans.
Answer: B) purchase existing mortgage loans.
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Smith Corporation's common stock is expected to pay a dividend of $3.00 forever and currently sells for $21.42. What is the required rate of return?
A) 10% B) 12% C) 13% D) 14%
Which of the following is true for active listeners?
A) They should avoid making eye contact and nodding as this will distract the speaker. B) They should not interrupt the speaker, but should feel free to ask questions about the topic. C) They should listen for full meaning and avoid paraphrasing what the speaker is saying. D) Developing empathy for the speaker is not advised as it proves an emotional barrier to listening.