An investor is considering different methods of investment, including the use of a public unit trust. Which of the following is not a function of a public unit trust?

1. It acts as a vehicle for the pooling of investor funds.
2. It provides a degree of investor protection through a responsible entity.
3. It allows small investors access to investments in international markets.
4. It locks in a trust unit price by listing on a stock exchange.

Medium-term notes (MTNs) sold into the euromarkets may be defined as having several specific features. Which of the following sets are typical features of euro-MTNs? I. Include a range of maturities; II. Denominated in a range of currencies; III. May have fixed rate interest coupons attached; IV. Are sold into the market in a single issue; V. May have floating interest rate coupons attached; VI. May be issued periodically or continuously.

1. I, II, III, IV, V
2. I, II, III, V, VI
3. I, III, IV, V, VI
4. all of the answers provided

Eurobonds are usually listed on a major stock exchange. Which of the following is an important reason for listing?

1. Listing facilitates an active secondary market on the exchange.
2. Listing ensures that the issuer complies with minimum disclosure standards.
3. Listing provides a central marketplace where transactions can be settled.
4. All of the answers provided