1. DSCR =

   	A.	NOI/DS
   	B.	PGI/NOI
   	C.	EGI/DS
   	D.	DS/NOI

2. When underwriting a loan, what is the ratio that measures capacity

   	A.	DTI and DSCR
   	B.	IRR and NPV
   	C.	Debt Yield Ratio
   	D.	PCL

3. In the Direct Capitalization approach the value equals

   		5 years NOI + Net Sales Price
   		Year 1 NPV/ Going out CAP rate
   		Year 0 NOI/ IRR
   		Year 1 NOI/ Going In CAP rate

4. Calculate the rate based on the following terms of a 3/1 ARM when the rate adjust for the first time after 36 months if the index is 5%

   Margin: 2.75

   Index: LIBOR

   Start Rate: 3%

   CAPS: 3/2/5

   		7.75%
   		6%
   		5%
   		6.75%