Finance 1-55

Finance 1-55

Assessment

Flashcard

Financial Education

Professional Development

Hard

Created by

Wayground Content

FREE Resource

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97 questions

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1.

FLASHCARD QUESTION

Front

Which of the following does the OCC not establish?
The expiration date, The number of shares in the contract, The exercise price, The premium

Back

The premium

2.

FLASHCARD QUESTION

Front

A bond's yield to maturity is all of the following except: The lowest return if the bond is a premium bond, The most important yield for the investor, The investor's total annualized return, The lowest return if the bond is a discount bond

Back

The lowest return if the bond is a discount bond

3.

FLASHCARD QUESTION

Front

Sales Co broker-dealer is acting as the principal underwriter for GTY mutual fund. Sales Co enters into a selling agreement with RKL broker-dealer that will allow RKL broker-dealer to:

Back

Purchase shares of GTY at a discount from POP and immediately resell them at the POP

4.

FLASHCARD QUESTION

Front

Which of the following is not a method of retiring bonds? Redemption, Refunding, Conversion, Term

Back

Term

5.

FLASHCARD QUESTION

Front

Before opening a new account for any customer, a registered representative must:

Back

Fill out a new account form.

6.

FLASHCARD QUESTION

Front

ABC subordinated convertible debentures are quoted at 110. They are convertible into XYZ common at $25 per share. The bonds have been called at 108 and the stock is quoted at $28. You should advise your client to:

Back

Convert the bonds

7.

FLASHCARD QUESTION

Front

A quote for a corporate bond from the GSC Company of 96.125 translates into:

Back

$961.25

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