QUESTION 14

1. The Lead Underwriter, in an IPO, prepares the issueing firm's application that is made to the SEC

   True

   False

3 points

QUESTION 15

1. Insurance is the business of risk shifting.

   True

   False

3 points

QUESTION 16

1. A Treasury security in which the periodic interest payments been separated from the principal repayment and sold as a different security is called

   		a T-note
   		a T-bond
   		a Zero Coupon bond
   		a G.O. bond
   		a Revenue bond