ABA CTFA Practice Test - Questions Answers, Page 34
List of questions
Question 331
Treasury stock is:
Question 332
A call provision, a sinking fund, and/or conversion are used to retire:
Question 333
Preferred shareholders' claims on assets and income of a firm come those of creditors those of common shareholders.
Question 334
Dual classes of are common in new ventures where promotional usually goes to the founders.
Question 335
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:
Question 336
A legal claim permitting the lender in case the borrower defaults, to liquidate the items serving as collateral to satisfy the obligation is called:
Question 337
It is a mortgage on personal property given as a security for the payment of an obligation.
Question 338
_________ is a legal note giving to the lender the right to sell collateral if the borrower defaults on the obligation.
Question 339
These are additional charges you may owe if you decide to pay off your loan prior to maturity. What are these?
Question 340
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:
Question