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5 Written questions

5 Matching questions

  1. Limited Liability
  2. Retirement is like a 3-legged stool
  3. puts
  4. Asked
  5. Requirements of a valid will
  1. a mental competence
    under no undue influence from another person
    will must conform to the state laws
  2. b you make the issuer buy back bond (when % rate increases); reverse of call
  3. c the previous day's mid-afternoon ask price the treasury dealers were willing to sell the issue for.
  4. d 1. Social Security
    2. Employer contributions
    3. Personal savings contributions
  5. e If the company goes broke, you can only lose the amount you invested

5 Multiple choice questions

  1. market value of the assets of the scheme minus its liabilities. Per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation date.
  2. try to balance objectives of long-term growth, income, and stability of the capital invested.
    invest in common stock, preferred stock, and bonds
    less volatile than stock funds
  3. pensions are paid out of current company earnings or pay-as-you-go
  4. have a limited number of shares
    sell only the initial offering. subsequent trades are done in a secondary market, similar to the common stock market.
    purchase and selling price is determined by supply and demand
  5. stable, mature companies; $5 billion or more in assets

5 True/False questions

  1. Trustsliving trusts and testamentary


  2. guardiancares for minor children and manages their property


  3. stock spin outwhere a company "splits off" sections of itself as a separate business


  4. Ways to avoid probatethe process of distributing an estate's assets


  5. redemption pricethe price at which open-ended schemes repurchase their units and close-ended schemes redeem their units on maturity. Such prices are NAV related