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01. With regard to clearing procedures for bond transactions A. It is a system for transferring ownership of bonds B. It is a system for

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01. With regard to clearing procedures for bond transactions A. It is a system for transferring ownership of bonds B. It is a system for ensuring payment from buyers to sellers C. Most Eurobond trades clear through two major clearing systems D. All of the above 02. Bonds with equity warrants A. Are really the same as convertible bonds if the prestated price of exercising the warrant is the par value of the bond. B. Can be viewed as straight debt with a call option (technically a warrant) attached. C. Can only be exercised on coupon dates D. Typically are convertible as well 03. A "Eurobond" issue is A. one denominated in a particular currency but sold to investors in national capital markets other than the country that issued the denominating currency B. usually a bearer bond C, for example a Dutch borrower issuing dollar-denominated bonds to investors in the U.K., Switzerland, and the Netherlands D. All of the above 04. On a reset date, floating-rate notes A. experience very volatile price changes B. market price will usually gravitate toward par C. market price will usually gravitate toward par, unless the borrwers credit rating has declined D. b) and c)

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