Computing earnings per share data using the if-converted method of assumes conversion of convertible securities as of the Group of answer choices middle of the earliest period reported (regardless of time of issuance). ending of the earliest period reported (regardless of time of issuance). beginning of the earliest period reported (or at time of issuance, if later). beginning of the earliest period reported (regardless of time of issuance).

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.