EX-12.2 3 d20709ex_12-2.htm

Exhibit 12.2

Computation of Ratio of Debt-to-Equity

 

 

 

 

 

 

 

At
December 31, 2006

 

 

 

  

 

 

 

 

 

 

Repurchase agreements

 

$

5,722,711

 

Mortgages payable on real estate

 

 

9,606

 

 

 

    

 

Total Debt

 

$

5,732,317

 

 

 

    

 

 

 

 

 

 

Stockholders’ Equity

 

 

678,558

 

 

 

 

 

 

Ratio of Debt-to-Equity

 

 

8.4:1

 

or

 

 

8.40

x

69