1. A quote of 2.85 - 2.40 is a quote for which of the following securities?

Select one:

a.

Treasury bills

b.

Treasury notes

c.

Municiple bondsTreasury bills

d.

A mortgage-backed security

2. Preferred dividends:

Select one:

a.

Must be satisfied each year

b.

Must be satisfied before bond interest payments

c.

Must be satisfied after bond interest payments

d.

Must be satisfied after common dividends