1.

options:

US government

Bank or other depository institution

Banks, but funded by corporate deposits backed by US treasuries

Banks to each other

Corporations and large Banks.

2. Which of the following is true regarding competitive versus negotiated municipal offerings:

Group of answer choices

A. Use of a bond advisor is limited to negotiated deals.

B. Most of the deals are competitive.

C. Underwriters are more likely to hold pieces in their own inventory if competitive route.

D. I equated competitive versus negotiated with nature versus nurture.

3. The current yield on a $10,000, 4 percent coupon bond selling for $10,500 is________%.

4. The town of Plymouth Minnesota issued a $1,960K bond in November of 20 with a 4% coupon bearing the CUSIP 7297732F7. A dealer sold a $5K piece of this on 5/27/21. Using EMMA, how much did the dealer profit on this transaction?

5.

A reason not to be listed as a publicly traded firm: (mark all that apply)

Group of answer choices

SOX compliance

SEC regulations

reduced board oversight

shareholder lawsuits

shareholder activism

6.Second-mortgage lending by banks increased when/as:

Group of answer choices

HELOC secondary market grew.

deduction of interest was eliminated.

the government provided guarantees.

homeowner equity grew.

the FHA provided incentives.

first mortgage lending became too risky.

7. Which of the following is NOT true?

Group of answer choices

A. The pandemic events pretty much put a halt to mortgage refinancing activity due to the increased uncertainty.

B. Qualified mortgages place limits on the borrowers debt-to-income ratio.

C. An originating mortgage lender can either service a mortgage loan after selling it, or sell the servicing rights to that loan in order to obtain a revenue stream.

D. For any given interest rate, the shorter the life of the mortgage, the greater the monthly payment, and the lower the total payments over the life of the mortgage.

Who issues each of the following money market instruments: Treasury Bills US Government