A _________________ is a retirement account that has tax-deferred benefits for self-employed individuals that are administered by financial institutions:

a. traditional IRA

b. Keogh account

c. Roth 401(k)

d. 403(b) account

Northeastern Investments (NEI) is selling some XYZ bonds from its own holdings.It bought these bonds 14 months ago, anticipating to profit from an increase in the XYZ bond price.Here, NEI is clearly involved in a(n):

a. private placement

b. program trade

c. principal transaction

d. agency transaction