35. Choose from among the below ratings the one which is the higher credit rating in the speculative category as defined by Standard & Poors rating service would be: A AAA B BB+ C Ba1 D CCC

36. The security instrument most often associated with enabling a US investor to facilitate trading in foreign stock is: A ADR B GDP C CMO D Forward contracts

37. An NYSE listed corporation has outstanding preferred stock with a cumulative provision and a $5.00 annual dividend. If the earnings over the past two years have led to the Board of Directors declaring a $3.00 preferred dividend two years ago and a $2.00 dividend last year, in order that a common dividend may be paid for the current year: A Dividends in arrears of $5.00 must be paid to the preferred B Preferred stockholders must be paid $10 per share C Preferred stockholders need to be paid their current $ 5.00 dividend D None of the above is accurate.