6. Which statement is TRUE?

A.Regulation D exempts securities that are issued by US companies outside of the US.

B.Rule 147 exempts transactions that all occur within a single state

C.Rule 504 allows firms to raise up to $5m to a limited number of nonaccredited investors.

D.All of the above are True or None of the above are true

7. Which statement is TRUE?

A.General obligation bonds are backed by the full faith and credit of the issuing body.

B.The Bond Syndicate makes sure that the issuer has the authority to sell tax free bonds without registering with the SEC.

C.Municipalities that want to issue securities publish notices in the Bond Counsel

D.All of the above are True or None of the above are true

8. Which statement is TRUE?

A.Issuing a bond today that will be used to payoff a bond that will be called in the future is known as pre-refunding

B.The Net Interest Cost is basically the same thing as a bonds Yield to Maturity

C.Municipalitys wanting to issue bonds need to receive a qualified opinion from their Bond Counsel

D.All of the above are True or None of the above are true