All of the following may serve to reduce the coupon rate that would otherwise be required on a bond issued at par, except a a.Sinking fund. b.Restrictive covenant. c.Call provision. d.Change in rating from Aa to Aaa. e.None of the above (all may reduce the required coupon rate). 7. The New York Stock Exchange is primarily a.A secondary market. b.An organized auction markets. c.An over-the-counter market. d.Answers a and b above are both correct.
All of the following may serve to reduce the coupon rate that would otherwise be required on a bond issued at par, except a a.Sinking fund. b.Restrictive covenant. c.Call provision. d.Change in rating from Aa to Aaa. e.None of the above (all may reduce the required coupon rate). 7. The New York Stock Exchange is primarily a.A secondary market. b.An organized auction markets. c.An over-the-counter market. d.Answers a and b above are both correct.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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6. All of the following may serve to reduce the coupon rate that would otherwise be required on a bond issued
at par, except a
a.Sinking fund.
b.Restrictive covenant.
c.Call provision.
d.Change in rating from Aa to Aaa.
e.None of the above (all may reduce the required coupon rate).
7. The New York Stock Exchange is primarily
a.A secondary market.
b.An organized auction markets.
c.An over-the-counter market.
d.Answers a and b above are both correct.
e.Answers b and c above are both correct.
8.
a.Foreign currency exchange.
b.Consumer automobile loans.
c.Corporate stocks.
d.Long-term bonds.
e.Short-term debt securities.
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