CTFA

CTFA practice questions, page 27 of 35, with answer review and explanations.

Question 131

Bonds usually pay interest _________ per year.

  1. Once
  2. Twelve times
  3. Twice
  4. Four times

Question 132

Coupon rate is paid until the bond ____________.

  1. Matures
  2. Expires
  3. Is sold
  4. Reach to its half life to maturity

Question 133

Bond's par value is known as __________ value.

  1. Call
  2. Maturity
  3. Face
  4. Coupon

Question 134

Time consumed in clearing a check through the banking system.

  1. Processing float
  2. Deposit float
  3. Collection float
  4. Availability float

Question 135

Commercial paper is essentially:

  1. Another form of junk bond
  2. A short-term unsecured corporate IOU
  3. An intermediate-term corporate bond
  4. A certificate that may be exchanged for a share of common stock at a specified future date