Corporations may issue which of the following debt securities?

I. Equipment trust bonds

II. Mortgage bonds

III. General obligation bonds

IV. Revenue bonds

II, III, and IV

I and IV

I, II, III, and IV

I and II

Call options are in-the-money when

the market price of the underlying security is below the strike price

the market price of the security is above the strike price plus the premium paid per share

the market price of the underlying security is above the strike price

the market price of the security is below the strike price minus the premium paid per share

Mrs. Johnson calls her registered rep and tells her that she wants to purchase 1,000 shares of WXY common stock at the market. This is considered a(n)

unsolicited order

nondiscretionary order

solicited order

discretionary order