15. Money market instruments are used widely in corporations to convert cash into cash equivalents. What are 3 reasons why a corporation should keep cash and its equivalents on hand? 16. Describe commercial paper. 17. If you bought a bond with a 5.6% coupon rate, and you paid $1,020 for that bond, what specific interest payments will you receive throughout the next year? (Be specific.) 18. Provide 2 reasons why a corporations corporate bonds should be investment grade. 19. Are banks allowed to buy corporate bonds for their internal portfolio of investments, or are they restricted to money market instruments? 20. What was the 2016 total market value of Home Mortgages (1-4) outstanding in the US. 21. Are banks or non-banks the most more important source of home mortgage originations? 22. Name four non-bank financial institutions that are in the top-10 mortgage originators. 23. In 2017, what was the estimate of the total value of all home mortgages outstanding? 24. In 2017, what was the value of home mortgages that were newly issued ? 25. Name 5 components of a bondholders required rate of return.