14. The Fair Credit Reporting Act:a. does not pertain to rea…

14. The Fair Credit Reporting Act:a. does not pertain to real estate transactions.b. does not pertain to unmarried individuals.c. requires credit reporting agencies to remove all adverse information over 7 years old except for     bankruptcies and foreclosures.d. does not pertain to collection accounts.

4. Mortgage-related securities:a. are easily bought and sold…

4. Mortgage-related securities:a. are easily bought and sold.                                                             b. are issued by participants in the secondary market.                       c. have real estate mortgages as their collateral.d. all of the above.

Use the following information on the given loan to answer th…

Use the following information on the given loan to answer the questions below- assume the payoffs occur one year from now and everything is normalized to a $1 investment:   Probability Loan payoffs Rf bond Corp Bond State 1 No Default 0.9 1.08 1.05 1.1 State 2 Default 0.1 0.90 1.05 0.5 Price ? $1 $.98   What is the market price of this loan?