1. 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.

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

3. 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

4. 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.

5. 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.

6. Mark the [four] that are true for credit unions.

Group of answer choices

They have the same level of deposit insurance as banks.

They are scrutinized by regulators using the same CAMELS factors as banks.

Credit unions obtain most of their funds from the U.S. government.

They are not able to borrow from the FHLB.

Unlike banks, most credit unions carry a federal charter rather than a state charter.

The number of credit unions is growing.

There are roughly the same number of credit unions as banks.

7. Who is angling for access to liquidity from the Federal Home Loan Bank?

Group of answer choices

A. non-bank mortgage institutions

B. credit unions

C. Farm Credit

D. Insurance Companies