{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

2-4

Investments with S&P bind-in card

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
The Sample First Midterm Examination Student: ___________________________________________________________________________ 1. What is the after-tax return on a 5.62% bond yield given a marginal tax rate of 15%? A. 4.78% B. 5.26% C. 5.62% D. 6.25% 2. A dollar denominated deposit at a London bank is called ______. 3. The bid price of a treasury bill is __________. 4. Deposits of commercial banks at the Federal Reserve are called ______. 5. __________ is not a characteristic of a money market instrument. A. liquidity B. marketability C. low risk D. long maturity
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6. Treasury bills are financial instruments initially sold by __________ to raise funds. 7. A bond that has no collateral is called __________. 8. __________ would best describe Eurodollars. 9. __________ market-value weighted. A. The New York Stock Exchange Composite index is B. The Standard & Poor's Composite 500 Stock index is C. The Wilshire 5000 index is D. All of the above are 10. Three stocks have share prices of $5, $7, and $3. What is the value of a price-weighted index of the three stocks? 11. Purchases of new issues of stock take place __________.
Background image of page 2
12. The bulk of most initial public offerings (IPOs) of equity securities go to ____________. 13. __________ is a false statement about the function of investment bankers. A. They act as intermediaries between issuers of stocks and investors B. They purchase new securities from corporations and sell them to the public C. They are commercial banks that accept deposits from savers and lend them out to companies D. They act as advisers to companies in helping them analyze their financial needs and find buyers for their securities
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}