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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:

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Question 332

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

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Question 333

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

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Question 334

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

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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:

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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:

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Question 337

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

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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.

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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?

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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:

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