Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 18, 2024

Noosa Main Bank plans to originate $107,000 residential mortgages. The mortgage has a risk weight of 50%. The demand deposits have a reserve requirement

Noosa Main Bank plans to originate $107,000 residential mortgages. The mortgage has a risk weight of 50%. The demand deposits have a reserve requirement of 12% and a deposit insurance premium of 2.8%. Suppose the bank funds the mortgage by issuing demand deposits, what is the deposit insurance premium on the deposits issued to fund the mortgage? (Round your answer to the nearest integer, i.e. without decimals) Answer:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

9th Edition

73530700, 978-0073530703

More Books

Students also viewed these Finance questions

Question

with 95% confidence. How does the decrease in confidence affect the sample size required? A doctor wants to estimate the mean HDL cholesterol of all 20- to 29-year-old females. How many subjects are...

Answered: 1 week ago

Question

Use the following guidelines when creating forecasts: Evaluate potential methods that align with your data. Use the last 18 months as validation data with trend-based models. Optimize parameters in...

Answered: 1 week ago

Question

ABC Bank funds a $120,000 residential mortgage by issuing demand deposits. The mortgage has a risk weight of 50%. The demand deposits have a reserve requirement of 12% and a deposit insurance premium...

Answered: 1 week ago

Question

5. Vehicle crumple zones are designed to absorb energy during an impact by deforming to reduce transfer of energy to occupants. How much kinetic energy, in Btu, must a crumple zone absorb to fully...

Answered: 1 week ago

Question

★★★★★

Ridgley Company is considering two independent projects. One project involves a new product line, and the other involves the acquisition of forklifts for the materials handling department. The...

Answered: 1 week ago

Question

★★★★★

If you raised a large amount of money for charity, or got a good candidate elected via social media manipulation, do the ends justify the means?

Answered: 1 week ago

Question

★★★★★

=+Regression 9808.23 5 1961.65 46.8 Residual 2598.64 62 41.9135 Variable Coeff SE(Coeff) t-ratio P-value Intercept 139.104 16.69 8.33 60.0001 HiWay MPH -1.07347 0.2474 -4.34 60.0001 Arterial MPH...

Answered: 1 week ago

Question

★★★★★

On January 1, 2009, Plymouth Corporation acquired 80 percent of the outstanding voting stock of Sander Company in exchange for $1,200,000 cash. At that time, although Sanders book value was $925,000,...

Answered: 1 week ago

Question

★★★★★

NEED HELP Exercise 5-13 (Algo) Changes in Selling Price, Unit Sales, Variable Cost per Unit, and Total Fixed Costs [ LO5-2, LO5-3, LO5-7] Miller Company's contribution format income statement for the...

Answered: 1 week ago

Question

★★★★★

Q1) You invest $1,664 at the beginning of every year and your friend invests $1,664 at the end of every year. If you both earn an annual rate of return of 09.00%. a) how much will you have in your...

Answered: 1 week ago

Question

★★★★★

A BA is documenting their analysis and design experience. Which task covers the question, "What was expected to be delivered?"

Answered: 1 week ago

Question

★★★★★

27. Question 27 It's the start of a new quarter at Adventure Works. You find yourself in a modern conference room surrounded by department heads and key stakeholders. The focal point of the room is...

Answered: 1 week ago

Question

★★★★★

Ratino is working on how to process criticism at work so he can influence the conversation to a solution. What is the last step in this process? Select an answer: He should assume positive intent. He...

Answered: 1 week ago

Question

★★★★★

Brad Gokool is reviewing the results of the subsequent events audit procedures. Brad is writing a report for his audit partner based on these results and will be attending a meeting tomorrow with the...

Answered: 1 week ago

Question

★★★★★

Which techniques are recommended when communicating data-informed decisions? Select all that apply. a. Defining the problem. b. Assigning blame for the problem. c. Supporting the solution with data....

Answered: 1 week ago

Question

★★★★★

Let the rates of return on stocks A, B, and C be given in the following table A B C State Probability RR RR RR Boom 0.3 43.00% 1.00% 11.00% Normal 0.5 15.00% 12.00% 13.00% Recession 0.2 2.00% 25.00%...

Answered: 1 week ago

Question

★★★★★

$10,000 was borrowed at 3.5% on July 17. The borrower repaid $5000 on August 12, and $2000 on September 18. What final payment is required on November 12 to fully repay the loan?

Answered: 1 week ago

Question

★★★★★

27. On the label, Pepperidge Farm bagels are said to weigh four ounces each (113 grams).Arandom sample of six bagels resulted in the following weights (in grams): 117.6 109.5 111.6 109.2 119.1 110.8...

Answered: 1 week ago

Question

★★★★★

25. Recall the rst-grade IQ scores of Example 1.2. Here is a random sample of 10 of those scores: 107 113 108 127 146 103 108 118 111 119 The IQ test score has approximately a normal distribution...

Answered: 1 week ago

Question

★★★★★

45. For which of the given P-values would the null hypothesis be rejected when performing a level .05 test? a. .001 b. .021 c. .078 d. .047 e. .148

Answered: 1 week ago

Previous Question Next Question