Special purpose vehicles (SPVs) in asset securitization usually contain credit enhancements for their securities.

Describe the five stages of group development.At which stage is conflict most likely to emerge?

Statement I: Under the Depository Institutions Deregulation and Monetary Control Act of 1980,all banks and thrift institutions are subject to the reserve requirements of the Federal Reserve.
Statement II: Under the Depository Institutions Deregulation and Monetary Control Act of 1980 all banks and thrift institutions are legally authorized to issue checking accounts.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

In an investment center, the manager has responsibility and authority for making decisions that affect

A) costs only
B) revenues only
C) assets only
D) costs, revenues, and assets

The Mining Co. has 110,000 shares of stock outstanding. The current market value of the firm is $5.5 million. The company has retained earnings of $1.8 million, paid in surplus of $2.2 million, and a common stock account value of $.11 million. The company is planning a 5-for-1 stock split. What will the retained earnings account value be after the split?

A) $0.36 million
B) $0.45 million
C) $1.8 million
D) $7.2 million
E) $9.0 million

When bonds are sold the gain or loss on sale is the difference between the

A) sales price and the cost of the bonds.
B) net proceeds and the cost of the bonds.
C) sales price and the market value of the bonds.
D) net proceeds and the market value of the bonds.