1. Which one of the following is not a reason investors are attracted to asset-backed securities? A) These securities have relatively high yields. ( B) These securities are generally long-term, stable investments. C) Investors are often protected by a bond insurer. D) These securities often have investment-grade credit ratings.

2.

Which one of the following statements regarding dividend dates is true?

A) The ex-dividend date is prior to the declaration date.

O B) The record date is prior to the ex-dividend date.

C) The record date is prior to the declaration date.

D) The ex-dividend date is prior to the record date.

3.

Which one of the following describes the price a bond buyer must pay that includes

accrued interest?

0 Al invoice price

B) coupon ratie

C premium price

D) call price