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ABA CTFA Practice Test - Questions Answers, Page 34

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Question 331

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Treasury stock is:

Common stock issued by the U.S. government
Common stock issued by the U.S. government
Preferred stock issued by the U.S. government
Preferred stock issued by the U.S. government
Common stock that has been repurchased and is being held by the issuing company
Common stock that has been repurchased and is being held by the issuing company
A corporation's common stock outstanding
A corporation's common stock outstanding
Suggested answer: C
asked 16/09/2024
Miguel Sartori
37 questions

Question 332

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A call provision, a sinking fund, and/or conversion are used to retire:

Bonds and preferred stock
Bonds and preferred stock
Bonds and common stock
Bonds and common stock
Preferred stock and common stock
Preferred stock and common stock
Only common stock
Only common stock
Suggested answer: A
asked 16/09/2024
Abel Galleguillos
44 questions

Question 333

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Preferred shareholders' claims on assets and income of a firm come those of creditors those of common shareholders.

Before; and also before
Before; and also before
After; but before
After; but before
After; and also after
After; and also after
Equal to; and equal to
Equal to; and equal to
Suggested answer: B
asked 16/09/2024
Bhavya AGGARWAL
46 questions

Question 334

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Dual classes of are common in new ventures where promotional usually goes to the founders.

Bonds; bonds
Bonds; bonds
Preferred stock; preferred stock
Preferred stock; preferred stock
Common stock; common stock
Common stock; common stock
Warrants; warrants
Warrants; warrants
Suggested answer: C
asked 16/09/2024
Sergiu Anton
38 questions

Question 335

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Palo Alto Industries has a debt-to-equity ratio of 1.6 compared with the industry average of 1.4. This means that the company:

Will not experience any difficulty with its creditors
Will not experience any difficulty with its creditors
Has less liquidity than other firms in the industry
Has less liquidity than other firms in the industry
Will be viewed as having high creditworthiness
Will be viewed as having high creditworthiness
Has greater than average financial risk when compared to other firms in its industry
Has greater than average financial risk when compared to other firms in its industry
Suggested answer: D
asked 16/09/2024
Luyanda Hatta
39 questions

Question 336

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A legal claim permitting the lender in case the borrower defaults, to liquidate the items serving as collateral to satisfy the obligation is called:

Chattel mortgage
Chattel mortgage
Lien
Lien
Collateral note
Collateral note
Loan application
Loan application
Suggested answer: B
asked 16/09/2024
Andy Hodges
43 questions

Question 337

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It is a mortgage on personal property given as a security for the payment of an obligation.

Chattel mortgage
Chattel mortgage
Lien
Lien
Collateral note
Collateral note
Loan application
Loan application
Suggested answer: A
asked 16/09/2024
Oktorio Rizki Prasetya
47 questions

Question 338

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_________ is a legal note giving to the lender the right to sell collateral if the borrower defaults on the obligation.

Chattel mortgage
Chattel mortgage
Lien
Lien
Collateral note
Collateral note
Loan application
Loan application
Suggested answer: C
asked 16/09/2024
Marinus Johannes Klomp
45 questions

Question 339

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These are additional charges you may owe if you decide to pay off your loan prior to maturity. What are these?

Prepayment penalty
Prepayment penalty
Loan rollover
Loan rollover
Loan disclosure
Loan disclosure
Loan repayment
Loan repayment
Suggested answer: A
asked 16/09/2024
Vagner Nicodemo
35 questions

Question 340

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A universal life insurance policy provides two types of death protection. The first type, known as Option A, provides a level death benefit. As the cash value increases:

The amount of pure insurance protection decreases
The amount of pure insurance protection decreases
The amount of pure insurance protection increases
The amount of pure insurance protection increases
The amount of pure insurance protection remains same
The amount of pure insurance protection remains same
The amount of pure insurance protection start vary
The amount of pure insurance protection start vary
Suggested answer: A
asked 16/09/2024
nico farina
45 questions
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