Chpt 11 Review and Discussion Questions P391

8If the coupon rate on a bond is 8 percent and current market interest rate are 6 percent, should this bond be selling at a premium or a discount?

9.How do we determine the book value of a stock?

10.Compare cumulative, convertible, and callable preferred stock.

11.What is the difference between mutual a fund and a mutual fund family?

12.List and briefly describe three types of mutual fund?

13.Compare no-load and load mutual funds.

14.Compare short-term and long term investment strategies.

15.What is the difference between a contribution- and a benefit-oriented retirement plan?

16.What are the basic factors that should be considered when establishing an individual retirement plan?

17. How may a small business owner plan for the use, conversation, and transfer of wealth as efficiently as possible?

18. What is the roll of trusts in estate planning?