Pcose Ary to answc r alt questions Pease The most important feature of municipal bonds is their A. safety B. liquidity C. tax-exempt status D. convertibility Futures and options are similar in all of the following ways except A. expiration dates are standardized B. deliverable quantities are standardized C. the owner is not obligated to proceed with the transaction D. All of the above are similarities between futures and options If the initial Assume you parchased 200 shares of XYZcommon stock on margin at $80 per share from your broker. margin is 60%, the amount you borrowed from the broker is A. $4000 B. $6400 C. $9600 D. $16,000 The bid price of a treasury bill is A, the price at which the dealer in treasury bills is willing to sell the bill B. the price at which the dealer in treasury bills is willing to buy the bill C. greater than the ask price of the treasury bill expressed in dollar termas D the price at which the investor can buy the treasury bill If a treasury note has a bid price of $982.50, the If a treasury note has a bid price of S982.50, the quoted bid price in the Wall Street Joumal woo A. $98:08 B. $98:25 C. $98.50 be sold to the public underwriting arrangement, the underwriter assumes the full risk that shares can at the stipulated offering price A. best efforts B. firm commitment C. private placement D. none of the above dealer is willing to sell, is The difference between the price at which a dealer is willing to buy, and the price at which a called the A. market spread B. bid-ask spread C. bid-ask gap D. market variation A T-bill quote sheet has 90 day T-bill quotes with a 4.92 bid and a 4.86 ask. If the bill has a $10,000 face value an investor could buy this bill for A. S10,000.00 B. $9,878.50 C. $9,877.00 D. $9,880.16 Investors who wish to liquidate their holdings in a closedend fund may- . A. sell their shares back to the fund at a discount B. sell their shares back to the fund at net asset value C. sell their shares on the open market D. None of the above The measure of risk used in the Capital Asset Pricing Model (or SML) is specific risk the standard deviation of returns reinvestment risk A. B. C. D. beta