Question

In: Finance

Which of the following is TRUE concerning wraparound loans? Group of answer choices The wraparound lender...

Which of the following is TRUE concerning wraparound loans?

Group of answer choices

The wraparound lender makes payments on the original loan.

The original lender makes payments on the wraparound loan

The borrower only makes payments on the original loan.

The borrower makes payments on both the original loan and payments on the wraparound loan.

Solutions

Expert Solution

Correct Option-(a) The wraparound lender makes payments on the original loan.

Reson-

In a Wraparound loan the lender or the wraparound lender assumes the responsibility of the existing mortage or the existing loan. Therefore The wraparound lender makes payments on the original loan.

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

Which of the following is NOT true? Group of answer choices Compared to this year, a...
Which of the following is NOT true? Group of answer choices Compared to this year, a discount bond’s price will increase next year, everything else equal. Compared to this year, a premium bond’s price will decrease next year, everything else equal. Compared to this year, a par bond’s price will remain constant next year, everything else equal. Compared to this year, a premium bond’s price will increase next year, everything else equal.
In physics, which of the following is true? Group of answer choices The weight of an...
In physics, which of the following is true? Group of answer choices The weight of an object depends on where the measurement takes place. In mechanics, weight and mass measure the same property of matter. In mechanics, the kilogram is an acceptable unit of force, as long as it is used to describe weight. Mass and weight are both vector quantities.
All of the following statements concerning deferred income taxes are true except: Group of answer choices...
All of the following statements concerning deferred income taxes are true except: Group of answer choices A) Differences in income calculated for financial reporting purposes and for tax reporting purposes are largely a result of the different goals of the two systems. B) Current and deferred tax liabilities are based on current tax rates and should not give consideration to changes in enacted tax rates. C) Temporary differences in financial reporting and tax reporting result in deferred taxes.
Which of the following is a TRUE statement? Group of answer choices A transaction is recorded...
Which of the following is a TRUE statement? Group of answer choices A transaction is recorded in accounting if it has a measurable financial effect on the assets, liabilities or stockholders' equity of a business. Separate entity assumption in accounting requires that the financial activities of the owners of a company be reported on the company's balance sheet. The cost principle states that recording activities at cost will result in the balance sheet representing the true value of the company....
Which of the following statements concerning capital budgeting methods is/are correct? Group of answer choices a....
Which of the following statements concerning capital budgeting methods is/are correct? Group of answer choices a. The IRR and NPV methods may provide conflicting recommendations when choosing independent projects. b. The discounted payback period method discounts accounting earnings at the cost of capital for risky projects. c. The IRR and NPV methods may provide conflicting recommendations when choosing among mutually exclusive projects. d. The pure payback method is the best method for evaluating large scale investment projects because it measures...
Which of the following statements concerning capital budgeting methods is/are correct? Group of answer choices a....
Which of the following statements concerning capital budgeting methods is/are correct? Group of answer choices a. The IRR and NPV methods may provide conflicting recommendations when choosing independent projects. b. The discounted payback period method discounts accounting earnings at the cost of capital for risky projects. c. The IRR and NPV methods may provide conflicting recommendations when choosing among mutually exclusive projects. d. The pure payback method is the best method for evaluating large scale investment projects because it measures...
Which of the following statements is TRUE? Group of answer choices Under the doctrine of contributory...
Which of the following statements is TRUE? Group of answer choices Under the doctrine of contributory negligence, a plaintiff is compensated after taking into account his/her responsibility in a loss claim. Occurrence-based liability insurance exposes the insurer to long-tail claims. Inland marine insurance provides coverage mainly for transport on inland waterways.
Which of the following statements is TRUE? Group of answer choices a.A market is in equilibrium...
Which of the following statements is TRUE? Group of answer choices a.A market is in equilibrium when the number of buyers equals to the number of sellers b.In a free market system, markets (composed of large numbers of buyers and sellers) eventually reach equilibrium price and quantity c.The concept of equilibrium requires that all individuals have an equal amount of income d.The free market system creates a result that is both efficient and fair to everyone
Which of the following is true? Group of answer choices The DNA genome is fixed (set...
Which of the following is true? Group of answer choices The DNA genome is fixed (set and unchanging); the epigenome is modifiable during an individual's life The DNA genome is fixed (set and unchanging); the epigenome is fixed (set and unchanging) during an individual's life The DNA genome is modifialbe; the epigenome is modifiable during an individual's life The DNA genome is modifiable; the epigenome is fixed (set and unchanging) during an individual's life What is the epigenome? Group of...
Which of the following are true about transition state analogs? Group of answer choices They are...
Which of the following are true about transition state analogs? Group of answer choices They are molecules. [ Choose ]FALSETRUE They are enzymes. [ Choose ]FALSETRUE They fit in the active site of the target enzyme. [ Choose ]FALSETRUE They bind less tightly than the substrates of the normal enzyme-catalyzed reaction. [ Choose ]FALSETRUE They bind more tightly than the products of the normal enzyme-catalyzed reaction.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT