Mezzanine - Study guides, Class notes & Summaries

Samuel Tong, CAIA, has clients who await his recommendation of a particular stock that is about to release earnings. From his office he sends the single recommendation "Sell" to all his clients via a text message that includes the phrase "more info on web." Does this communication violate Standard V(B): Communication with Clients and Prospective Clients? - No A communication may be in capsule form but members should notify clients that additional information and analyses are available f...

4 types of alternative assets - ANSWER-Alternatives are defined by inclusion: Real Assets Hedge Funds Private Equity Structred products Real Assets - ANSWER-Direct ownership of non financial assets: - natural resources - commodities - real estate - land - infrastructure - IP (intellectual property) 5 Structures of Alternatives - ANSWER-TRICS: - trading - marked by high skill & complex strategy (hedge fund) - regulatory - marked by lower government regulation and taxation ( - i...

4 types of alternative assets - ANSWER-Alternatives are defined by inclusion: Real Assets Hedge Funds Private Equity Structred products Real Assets - ANSWER-Direct ownership of non financial assets: - natural resources - commodities - real estate - land - infrastructure - IP (intellectual property) 5 Structures of Alternatives - ANSWER-TRICS: - trading - marked by high skill & complex strategy (hedge fund) - regulatory - marked by lower government regulation and taxation ( - i...

LBO Acquisition of a company by an investor group Purchase price financed by debt PE firm uses the company's cash flows to pay interest expense on the debt and to pay off the debt principal LBO valuation represents the maximum amount a sponsor can pay in order to achieve its required return objectives Types of LBOs Sponsor buyout: Financial sponsor buys all the equity of the target Club deal: Two or more sponsors pool capital to acquire the target (used in megadeals) Public to private: Taking...

The convention for representing depth on a flat surface is called: - Perspective The idea that all drama should be "true to life" is called: - Verisimilitude Who developed the pole-and-chariot system? - Torelli Which of the following is NOT true of a proscenium stage? - It also includes an orchestra, mezzanine, an balcony. A play with shepherds and mythological creatures who inhabit the forests and countryside, with serious actions but a happy ending would be a(n): - Pastoral Which of t...

Mortgage Backed Securities Final Exam | 2023/24 Why is prepayment less of an issue with commercial loans than it is with home mortgage loans? Explain Yield Maintenance & Defeasance prepayment restrictions. - 1) Commercial loans have strong call protections and penalties to the borrow if they prepay the loan. Home loans do not have prepayment penalties. Yield Maintenance Penalty - Present Value of lost payments will be paid to the lender to maintain their expected yield Defeasance - ...

CLF Exam Review Questions and answers, graded A+/ syndicated loan - -A commercial loan provided by a group of lenders and structured, arranged, and administered by one or several commercial or investment banks known as arrangers - less expensive and more efficient to administer than traditional bilateral, or individual credit lines Leveraged Borrowers - --Issuers who are paying spreads (premium above LIBOR or another base rate) sufficient to attract nonbank term loan investors ; Typically...

Absolute return products are investment products viewed as having little or no return correlation with traditional assets, and have investment performance that is often analyzed on an absolute basis rather than relative to the performance of traditional investments. - ANSWER-absolute return products An absolute return standard means that returns are to be evaluated relative to zero, a fixed rate, or relative to the riskless rate, and therefore independently of performance in equity markets, ...

CAIA Exam Sample |Questions with 100% Correct Answers | Verified Samuel Tong, CAIA, has clients who await his recommendation of a particular stock that is about to release earnings. From his office he sends the single recommendation "Sell" to all his clients via a text message that includes the phrase "more info on web." Does this communication violate Standard V(B): Communication with Clients and Prospective Clients? - answerNo A communication may be in capsule form but members should...

CAIA level 1 - Topic 2 Introduction to alts Exam Questions And Answers 100% Verified 4 types of alternative assets - answerAlternatives are defined by inclusion: Real Assets Hedge Funds Private Equity Structred products Real Assets - answerDirect ownership of non financial assets: - natural resources - commodities - real estate - land - infrastructure - IP (intellectual property) 5 Structures of Alternatives - answerTRICS: - trading - marked by high skill & complex strategy (hedg...