A stand-alone firm through which financial institutions pool the assets together is:

Group of answer choices

[A] Special purpose vehicle

[B] Off-balance sheet enterprise

[C] Securitized principal vehicle

[D] Asset-backed subsidiary

What is the market value (clean price) of a 6% MBS issue backed by a mortgage pool of an original par value of $500 million, if its price is quoted at 107-16 with a pool factor of 0.95?

Group of answer choices

[A] $510,625,000

[B] $500,000,000

[C] $475,000,000

[D] $503,500,000