1) Bond rating agencies have invested important sums of money in the effort to find out which quantitative and non quantitative factors best forecast bond defaults. Also, some of the raters invest time and money to assemble privately with corporate personnel to get non public information which is used in assigning issue's bond rating. To get back those costs, some bond rating agencies have tied their ratings to purchase of extra services. Research using Internet articles related to this topic.
Do you consider this is the acceptable practice? Defend your position!
2) Last year Jones got a mortgage loan for $100,000. He just inherited the large sum of money and is contemplating prepaying whole loan balance to save interest. Briefly describe what are his rights to prepay loan? What are the significant things they have to check?