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AFP CTP Exam
Certified Treasury Professional (Page 26 )

Updated On: 19-Jan-2026
Page 26 of 188
PDF with 1076 Questions

All of the following statements are true about adjustable-rate preferred stocks EXCEPT:

  1. they offer tax advantages to corporate investors.
  2. they have a guaranteed return of principal at maturity.
  3. their dividends are paid before common stock dividends.
  4. their dividend rate is reset periodically.

Answer(s): B



A netting system can be used for all of the following EXCEPT:

  1. intracompany transactions.
  2. giro payments.
  3. third-party payments or receipts.
  4. foreign exchange transactions.

Answer(s): B



All of the following statements are true about loan participations EXCEPT:

  1. more than one lender commits to them.
  2. loan advances and payments are divided among the participants.
  3. loan servicing is provided by the lead institution.
  4. they are traded in the secondary market.

Answer(s): D



A company receives proceeds of $1,119,274 from the sale of $1,150,000 worth of commercial paper. The paper is outstanding for 95 days. If a 360-day year is used, the company's annual interest rate is closest to which of the following?

  1. 10.13%
  2. 10.27%
  3. 10.40%
  4. 10.54%

Answer(s): C



Which of the following will exempt commercial paper from SEC registration?

I). A maturity of fewer than 270 days
II). A rating grade of A-1 or P-1
III). Distribution through a licensed dealer
IV). Backing by a U.S. bank letter of credit

  1. I only
  2. IV only
  3. I and II only
  4. II, III, and IV only

Answer(s): A



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