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ABA CTFA Practice Test - Questions Answers, Page 15

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Question 141

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Bonds usually pay interest _________ per year.

Once
Once
Twelve times
Twelve times
Twice
Twice
Four times
Four times
Suggested answer: C
asked 16/09/2024
sicnarep sicnarep
59 questions

Question 142

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Coupon rate is paid until the bond ____________.

Matures
Matures
Expires
Expires
Is sold
Is sold
Reach to its half life to maturity
Reach to its half life to maturity
Suggested answer: A
asked 16/09/2024
Anton Khodyakov
51 questions

Question 143

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Bond's par value is known as __________ value.

Call
Call
Maturity
Maturity
Face
Face
Coupon
Coupon
Suggested answer: C
asked 16/09/2024
Ilias Akarkach
46 questions

Question 144

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Time consumed in clearing a check through the banking system.

Processing float
Processing float
Deposit float
Deposit float
Collection float
Collection float
Availability float
Availability float
Suggested answer: D
asked 16/09/2024
Jorge Rojas Gallegos
32 questions

Question 145

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Commercial paper is essentially:

Another form of junk bond
Another form of junk bond
A short-term unsecured corporate IOU
A short-term unsecured corporate IOU
An intermediate-term corporate bond
An intermediate-term corporate bond
A certificate that may be exchanged for a share of common stock at a specified future date
A certificate that may be exchanged for a share of common stock at a specified future date
Suggested answer: B
asked 16/09/2024
Cynan Jones
43 questions

Question 146

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Concentration banking:

Increases idle balances
Increases idle balances
Moves excess funds from a concentration bank to regional banks
Moves excess funds from a concentration bank to regional banks
Is less important during periods of rising interest rates
Is less important during periods of rising interest rates
improves control over corporate cash
improves control over corporate cash
Suggested answer: D
asked 16/09/2024
Ibrahim Ramku
52 questions

Question 147

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Which would be an appropriate investment for temporarily idle cash that will be used to pay quarterly dividends three months from now?

A long-term Aaa-rated corporate bond with a current annual yield of 9.4 percent
A long-term Aaa-rated corporate bond with a current annual yield of 9.4 percent
A 30-year Treasury bond with a current annual yield of 8.7 percent
A 30-year Treasury bond with a current annual yield of 8.7 percent
Ninety-day commercial paper with a current annual yield of 6.2 percent
Ninety-day commercial paper with a current annual yield of 6.2 percent
Common stock that has been appreciating in price 8 percent annually, on average, and paying a quarterly dividend that is the equivalent of a 5 percent annual yield
Common stock that has been appreciating in price 8 percent annually, on average, and paying a quarterly dividend that is the equivalent of a 5 percent annual yield
Suggested answer: C
asked 16/09/2024
Mario Alba Barrero
36 questions

Question 148

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According to the Bond Equivalent Yield (BEY) method, the yield on a $1,000, 13-week US Treasury bill purchased for $960 would be closest to .

16 Percent
16 Percent
16.7 Percent
16.7 Percent
17 Percent
17 Percent
17.8 Percent
17.8 Percent
Suggested answer: B
asked 16/09/2024
Francesco Mammola
44 questions

Question 149

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Accounts receivable conversion (a.k.a., check conversion) is the conversion of a paper check to

An electronic check image
An electronic check image
A 'substitute check'
A 'substitute check'
An ACH debit transaction
An ACH debit transaction
A foreign currency
A foreign currency
Suggested answer: C
asked 16/09/2024
Stefano Humphries
47 questions

Question 150

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It is a type of flexible mortgage where the payments increase for a specified period of time and then level off. What is it?

Flexible payment mortgage
Flexible payment mortgage
Graduated payment mortgage
Graduated payment mortgage
Constant payment mortgage
Constant payment mortgage
Variable payment mortgage
Variable payment mortgage
Suggested answer: B
asked 16/09/2024
Olanrewaju Abolanle
36 questions
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