The rights and responsibilities of the limited and general partners is listed in the

prospectus

agreement of limited partnership

subscription agreements

certificate of limited partnership

An Official Notice of Sale contains all of the following EXCEPT

method and place of settlement

interest payment dates

the name of the bond counsel

the bond rating

A bond has increased by one basis point. This means that the bond has increased in value by

10 percent

1/100th of a percent

1 percent

1/10th of a percent

Which of the following are ways that you can help a client mitigate her investment risk?

Portfolio rebalancing

All provided answers are correct

Hedging

Diversification

If the owner of a variable annuity dies during the accumulation phase, the death benefit will be paid to

the IRS

the insurance company

the designated beneficiary

the account holder's estate

Which of the following are TRUE statements regarding civil penalties that may be imposed for insider trading violations?

I. Civil penalties may be imposed only on registered persons.

II. The civil penalty may be up to three times the profit gained or the loss avoided on an illegal transaction.

III. A broker/dealer may be held liable if one of its registered reps was not properly supervised while committing an insider trading violation.

IV. The violation is defined as buying or selling securities while in possession of material nonpublic information.

I,II,and III

II,III,and IV

I and IV

I,III,and IV

Portfolio income includes

Interest received from corporate bonds

All provided answers are correct

Cash dividends from stock

Capital gains from the sale of securities

Institutional trading without using the services of a broker-dealer takes place in the

second market

first market

fourth market

third market

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