What is the cash flow yield of a mortgage pass-through security?
What will be an ideal response?
Given the projected cash flow and the price of a pass-through, its yield can be calculated. The yield is the interest rate that will make the present value of the expected cash flow equal to the price. A yield computed in this manner is known as a cash flow yield.
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All of the following statements about balance sheets are true EXCEPT
A) Assets - Liabilities = Shareholders' Equity. B) balance sheets show average asset balances over a one-year period. C) a balance sheet reports a company's financial position at a specific point in time. D) assets are reported at historical cost.
The primary goal of feedback-intensive programs is to assess leaders' strengths and weakness and to identify development needs
a. true b. false