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

   True

   False

QUESTION 15

1. Insurance is the business of risk shifting.

   True

   False

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