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QUESTION 66 Kawabunga Surfboard and Ironing Board Corp. would need shareholder approval to I. give its...

QUESTION 66

  1. Kawabunga Surfboard and Ironing Board Corp. would need shareholder approval to

    I. give its shareholders a cash dividend

    II. give its shareholders a stock dividend

    III. split its stock

    IV. reverse split its stock

    III and IV

    II, III, and IV

    I and II

    II and III

1 points   

QUESTION 67

  1. Money market instruments are

    preferred stock

    short-term debt

    long-term debt

    common stock

1 points   

QUESTION 68

  1. Which of the following IS NOT a bearish strategy?

    Buying put options

    Buying inverse ETFs

    Selling naked put options

    Selling short

QUESTION 71

  1. Which of the following would be owners of a corporation?

    I. Common stockholders

    II. Debenture holders

    III. Participation preferred stockholders

    IV. Equipment trust bondholders

    I, III, and IV

    II, III, and IV

    II and IV

    I and III

1 points   

QUESTION 72

  1. A REIT must distribute at least _______ of its income to shareholders in order to avoid being taxed as a corporation.

    90 percent

    75 percent

    25 percent

    95 percent

1 points   

QUESTION 73

  1. An Official Notice of Sale contains all of the following EXCEPT

    interest payment dates

    the name of the bond counsel

    the bond rating

    method and place of settlement

1 points   

QUESTION 74

  1. Which of the following options positions has the holder or writer of an option facing a maximum loss potential that is unlimited?

    Persons long a call option

    Persons short an uncovered call option

    Persons short an uncovered put option

    Persons long a put option

1 points   

QUESTION 75

  1. All of the following are considered violations EXCEPT

    signatures of convenience

    interpositioning

    frontrunning

    hypothecation

Homework Answers

Answer #1

Answer 66) the correct option is 1 and 2. The final dividend should be approved at annual general meeting.

Answer 67) money market instruments are short term debt, there tenure is upto 1 year. Answer option b

Answer 68) selling naked put option is not bearish. As seller will lose money if put is exercised.

Answer 71) The owner of the corporation are the common stockholders and participation preferred stockholders.

Answer 72) A REIT should distribute atleast 90% of the income in order to avoid being taxed.

Answer 73) an official sale notice doesn't contain name of the bond counsel.

Answer 74) a person who ahorts uncovered call option has unlimited liability because stock price can shoot up causing unlimited loss.

Answer 75) hypothecation is not considered as violation. This is process where debtor pledges a collateral for his debt.

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