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NEW QUESTION: 1
Which two aspects of the security broker dealer industry increase its exposure to money laundering? Choose 2 answers
A. Fast paced transactions conducted electronically
B. Disposing of cash through securities purchases
C. They easy conversion of holdings to cash with significant loss of principal
D. The routine use of wire transfers from, to or through multiple jurisdictions
Answer: A,B
NEW QUESTION: 2
Das Aufrufobjekt für die Planung in Stabilitätsstudien ist die Inspektionsgruppe.
A. Richtig
B. Falsch
Answer: B
NEW QUESTION: 3
A bond has a face value of $1,000, matures in 10 years, and pays an 8% coupon, with interest paid
semiannually. If the bond is priced to yield 8.8%, it is selling:
A. at a discount.
B. at its maturity value.
C. at a premium.
D. at par.
Answer: A
Explanation:
If the bond is priced to yield 8.8%, it is selling at a discount. Its nominal yield is the same as
its coupon rate, 8%, which is what it would yield if it were selling at its par value, which is the same as its
maturity value and its face value--$1,000. In order to be yielding more than this, the bond has to be selling
for less than its face value, such that investors are also getting a return from capital gains. A bond that is
selling below its face value is said to be selling at a discount.