Bubba Corporation owes income tax. Which of the following may be tendered at par value for payment of the tax?
Answer(s): B
tax anticipation bill. These are specifically designated securities that may be used at face value for payment of corporate taxes.
An advertisement for a CMO security by a member of FINRA should disclose which of the following?
Answer(s): C
that the stated yield is an estimate that may vary passed upon prepayments and market factors. The only guarantee is that nothing is guaranteed, especially the yield.
Which of the following statements incorrectly describes US securities markets?
a money market comprised of short-term debt and equity issues. This is the statement that is “incorrect”. Equity issues are not traded in the money market, which consists only of high-quality short-term debt securities.
What rate of return takes into consideration appreciation or depreciation in market value relating to the par value of a debt security?
yield to maturity. The premium or discount in the security price relative to par value is considered when computing the yield to maturity.
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Karan Patel Commented on August 15, 2023 yes, can you please upload the exam? UNITED STATES
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