Stc Exam Questions With Verified And Updated Solutions.

Stc Exam Questions With Verified And Updated Solutions. Which of the following factors is NOT used in determining the value of an annuity unit? A Capital gain distributions from securities held in the separate account that are reinvested B Income distributions from securities held in the separate account that are reinvested C The value of the separate account D The assumed interest rate - answerAnswer = D. The determination of when the NAV of a mutual fund is calculated, is stipulated by: - answerProspectus broker who transacts an order for a customer must send a confirmation disclosing all of the following information, EXCEPT: The yield computation employed If it acted as principal and that it prepares research on the security CIf it acted as a principal for its own account DIf it acted as an agent for the customer and as an agent for another person - answerAnswer = If it acted as a principal and that it prepares research on that security Which TWO of the following metrics can be calculated by examining the balance sheet statement of a company? The earnings before interest and tax (EBIT) The debt-to-equity ratio The operating profit margin The amount of working capital - answerDebt to equity ratio and amount of working capital The subscription agreement for a limited partnership does NOT specify: ATo whom the check must be made payable Priority provisions upon liquidation Suitability standards DWho must sign the agreement - answerAnswer = Priority provisions upon liquidation A municipality issues revenue bonds for which TWO of the following reasons? To finance the building of a high school To finance the construction of a power plant To pay the salaries of police and firefighters To pay the salaries of transit workers - answerTo finance the construction of a powerplant To pay the salaries of transit workers. A broker-dealer receives a confirmation for a trade that does not appear on its records. The broker-dealer should send a DK notice to: - answerContrabroker Prior to the maturity of a variable-rate demand obligation, an investor has the right to receive the: - answerPar value + Accrued interest The securities that are deposited in an escrow account for an advance refunding of a municipal bond are: - answerTreasury bonds A firm that is planning an offering of common stock has not filed a registration statement. Which of the following actions on the part of a registered representative are NOT a violation of the Securities Act of 1933? - answerA Accepting orders for the shares to be offered B Attempting to obtain indications of interest for the shares to be offered C Having the registered representative contact an investment banker at the firm D Informing a customer that he may receive as many shares as he desires Answer = C. An investor that wants to hedge a portfolio of preferred stocks can buy: - answerYield based call options Which of the following statements is NOT TRUE of industrial development revenue bonds? Interest is paid from rents received from private corporations