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examout.co

Which of the following is not found in the final prospectus?

A.

a statement as to possible stabilization by the manager

B.

the public offering price

C.

a copy of the underwriting agreement

D.

a statement that the SEC neither approves nor disapproves of the issue

Mutual fund salespersons may not represent that a product is like of safer than:

A.

an insurance policy

B.

a fixed annuity

C.

a corporate debt instrument

D.

all of the above

Under a leaseback arrangement used to finance construction of local schools, who is the issuer of the municipal bonds?

A.

the state in which the schools are located

B.

the local school district

C.

a legal authority created for this purpose

D.

a public housing authority commissioned by the federal government

A case of leverage is:

A.

selling common stock short and buying warrants for the equivalent number of shares followed by subscribing to the shares and covering the short

B.

borrowing at 6% and investing the funds at 10%

C.

buying stock on the NYSE and later selling it the same day on the CBOE

D.

redeeming a convertible bond before maturity

What expression is used to describe the application of income and revenues derived from the operation of a facility financed from proceeds of a revenue bond?

A.

debt service

B.

flow of funds

C.

revenue funding

D.

disbursement of priorities

When a corporation dissolves, who gets paid first?

A.

bank lenders

B.

senior bond holders

C.

the tax collector

D.

the lawyer

What does the bond buyer placement ratio represent?

A.

the amount of municipal bonds held by banks and insurance companies as a percentage of municipal bonds outstanding

B.

the amount of municipal bonds distributed weekly as a percentage of each week’s new issue accounts of more than $1 million

C.

the amount of municipal bonds offered in the daily Blue List as a percentage of the day’s new issue amounts of more than $1 million

D.

the par value amount of municipal bonds offered in the Blue List as a percentage of the 30 -day visible supply for competitive and negotiated issues

Bubba plans to borrow some money and pledge securities as collateral.

Which of the following can he not use as collateral?

A.

Series EE bonds

B.

US treasury bills

C.

US treasury notes

D.

US treasury bonds

The gross spread in a new issue depends upon which of the following?

A.

the amount of the issue

B.

the type of industry in which the issuer is engaged

C.

the past record of the issuing corporation

D.

all of the above

What rate of return takes into consideration appreciation or depreciation in market value relating to the par value of a debt security?

A.

current yield

B.

yield to maturity

C.

nominal yield

D.

basis yield