MASTERY EXAM #1 questions and answers

MASTERY EXAM #1 questions and answers In a corporate liquidation, the last to get paid is: A. Unpaid wages and taxes B. Bondholders C. Preferred stockholders D. Common stockholders - D. Common stockholders All of the following are types of oil and gas direct participation programs EXCEPT: A. Balanced B. Income C. Exploratory D. Developmental - A. Balanced The term "publicly traded fund" is the common name for a(n): A. open end management company B. closed end management company C. fixed unit investment trust D. participating unit investment trust - B. closed end management company When comparing a mutual fund to a hedge fund, which statement is FALSE? A. Hedge funds are less regulated B. Hedge funds are more risky C. Hedge funds are only available to qualified purchasers D. Hedge funds are liquid - D. Hedge funds are liquid All of the following statements are true regarding the trading of ADRs EXCEPT: A. ADRs are traded on the New York Stock Exchange B. ADRs are traded on the NASDAQ Stock Market C. ADRs are traded on the American Stock Exchange D. ADRs are traded on the Chicago Board Options Exchange - D. ADRs are traded on the Chicago Board Options Exchange ABC 8% $100 par preferred is trading at $105 in the market. The current yield is: A. 6.6% B. 7.6% C. 8.6% D. 10.6% - B. 7.6% ANNUAL INCOME/MARK