Bubba buys a municipal bond at 102 and holds it ten years to maturity.
For tax purposes, how is that premium treated?

• A.recorded as a long-term capital loss
• B.an ordinary loss taken as a deduction from taxable income
• C.amortized over the life of the bond resulting in no loss at maturity
• D.carried forward as a premium loss applied against profits realized on future municipal securities

Comment: *

Name: *

Email: *

Verification: *

What percentage load is associated with a mutual fund quoted 16.60-18.04?

• A.8.7%
• B.9%
• C.8%
• D.cannot be determined from this information

Comment: *

Name: *

Email: *

Verification: *

What type of security is quoted with a bid price of 4.72 and an asking price of 4.68?

• A.US treasury note
• B.US treasury bill
• C.US treasury bond
• D.Series H bond

Comment: *

Name: *

Email: *

Verification: *

Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
How many rights does Bubba receive?

• A.20
• B.50
• C.100
• D.200

Comment: *

Name: *

Email: *

Verification: *

Which of the following is a right for shareholders of common stock?

• A.the right to have the stock price increase
• B.the right to vote about important matters of the company
• C.the right to dividends
• D.both B and C

Comment: *

Name: *

Email: *

Verification: *