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Loan Request: S60,000 for a new Hyundai NEXO Fuel Cell SUV Сараcity Annual household income: Character Collateral FICO score: 720 $80,000 Years working for current employer: 10 years Education: College graduate Monthly debt payments. 10% of monthly income Short-term financial assets: S200 in checking account Long-term financial assets: S1,000 in savings account Equity in home: $20,000 Market value of other real assets: Cars and electronics S10,000 Years living at current address: 2 months Criminal record: 1 minor traffic violation Length of credit history: 6 years using a major credit card 25. Given an individual with the characteristics above, evaluate how likely it is that this person will repay the loan in each of the three categories. Give a rating of low risk, "medium risk," or "high risk." a. Сарacity: b. Character: Collateral: C.

Loan Request: S60,000 for a new Hyundai NEXO Fuel Cell SUV Сараcity Annual household income: Character Collateral FICO score: 720 $80,000 Years working for current employer: 10 years Education: College graduate Monthly debt payments. 10% of monthly income Short-term financial assets: S200 in checking account Long-term financial assets: S1,000 in savings account Equity in home: $20,000 Market value of other real assets: Cars and electronics S10,000 Years living at current address: 2 months Criminal record: 1 minor traffic violation Length of credit history: 6 years using a major credit card 25. Given an individual with the characteristics above, evaluate how likely it is that this person will repay the loan in each of the three categories. Give a rating of low risk, "medium risk," or "high risk." a. Сарacity: b. Character: Collateral: C.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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rotected View - Saved to this PC - o Search (A-0) Adrian Ashford AA References Mailings Review View Help Unless you need to edit, it's safer to stay in Protected View. Enable Editing Part III: Can they get a loan? Directions Use the information below to assess the capacity, character, and collateral of a potential borrower and then answer the questions. Loan Request: $60,000 for a new Hyundai NEXO Fuel Cell SUV Сараcity Annual household income: S80,000 Years working for current employer: 10 years Education: College graduate Monthly debt payments: 10% of monthly income Character Collateral Short-term financial assets: $200 in checking account Long-term financial assets: S1.000 in savings account Equity in home: $20,000 Market value of other real assets: Cars and electronics S10,000 FICO score: 720 Years living at current address: 2 months Criminal record: 1 minor traffic violation Length of credit hıstory: 6 years using a major credit card 25. Given an individual with the characteristics above, evaluate how likely it is that this person will repay the loan in each of the three categories. Give a rating of "low risk, "medium risk," or "high risk." a. Capacity: b. Character: C. Collateral:
Transcribed Image Text:rotected View - Saved to this PC - o Search (A-0) Adrian Ashford AA References Mailings Review View Help Unless you need to edit, it's safer to stay in Protected View. Enable Editing Part III: Can they get a loan? Directions Use the information below to assess the capacity, character, and collateral of a potential borrower and then answer the questions. Loan Request: $60,000 for a new Hyundai NEXO Fuel Cell SUV Сараcity Annual household income: S80,000 Years working for current employer: 10 years Education: College graduate Monthly debt payments: 10% of monthly income Character Collateral Short-term financial assets: $200 in checking account Long-term financial assets: S1.000 in savings account Equity in home: $20,000 Market value of other real assets: Cars and electronics S10,000 FICO score: 720 Years living at current address: 2 months Criminal record: 1 minor traffic violation Length of credit hıstory: 6 years using a major credit card 25. Given an individual with the characteristics above, evaluate how likely it is that this person will repay the loan in each of the three categories. Give a rating of "low risk, "medium risk," or "high risk." a. Capacity: b. Character: C. Collateral:
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