true
T/F? Stability in the value of a debt portfolio is greatest when when maturities of the debt securities are short
false
T/F? Stability in the value of a debt portfolio is greatest when when maturities of the debt securities are long
a closing purchase
A transaction in which a writer covers a position by purchasing an option is called a _____________
true
T/F? Foreign and domestic debt instruments are subject to political risk
false
T/F? Foreign and domestic debt instruments are subject to exchange risk
true
T/F? Foreign and domestic debt instruments are subject to repayment risk
true
T/F? Foreign and domestic debt instruments are subject to interest rate risk
money market
_______________ assets mature in one year or less
rising
Call protection is most valuable to an investor when bond prices are ______________
falling
Call protection is most valuable to an investor when bond yields are ____________
false
T/F? A personal bankruptcy filing on the U4 would result in a statutory disqualification
false
T/F? A written customer complaint on the u4 would result in a statutory disqualification
false
T/F? A felony theft charge on the u4 would result in a statutory disqualification
true
T/F? A felony conviction for DUI on the U4 would result in a statutory disqualification
true
T/F? Upon expiration, all in the money SPX call options are settled by delivery of cash
false
T/F? Upon expiration, all in the money SPX call options are settled by delivery of SPX index stocks
false
T/F? Upon expiration, all in the money SPX call options are settled by delivery of SPX ETFs
false
T/F? Upon expiration, all in the money SPX call options are settled by delivery of the same number of SPX put options
true
T/F? It is considered prohibited and fraudulent for a firm to agree to repurchase shares at no less than the original sales price
false
T/F? It is not considered prohibited and fraudulent for a firm to agree to repurchase shares at no less than the original sales price
true
T/F? US Government agency issues are exempt from registration requirements under the securities act of 1933
false
T/F? US Government agency issues are not exempt from registration requirements under the securities act of 1933
market
_______________ risk is the greatest risk in a variable life insurance policy
Minor
UTMA accounts are opened under the tax id of the _____________
13 months
How long is a customer's letter of intent on a mutual fund purchase valid for?
true
T/F? The owner of Treasury bonds is most exposed to inflationary risk
false
T/F? The owner of utility stocks is most exposed to inflationary risk
false
T/F? The owner of treasury bills is most exposed to inflationary risk
false
T/F? The owner of blue chip industrials is most exposed to inflationary risk