Consider a CMO with tranches A, B and a residual. The CMO is backed by a pool of fully amortizing fixed rate mortgages with monthly payments. Assume that there is a servicing fee and some anticipated prepayment. What is the correct formula for computing cash flows to the residual tranche? A. (Scheduled Payment) + (Prepayment) - (Servicing Fee) - (Cash Flow to Tranche A) - (Cash Flow to Tranche B)
B. (Scheduled Payment) + (Prepayment) - (Cash Flow to Tranche A) - (Cash Flow to Tranche B)
C. (Scheduled Payment) + (Prepayment) + (Servicing Fee) - (Cash Flow to Tranche A) - (Cash Flow to Tranche B)
D. (Scheduled Payment) + (Servicing Fee) - (Cash Flow to Tranche A) - (Cash Flow to Tranche B)

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast