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Chapter 02 Asset Classes and Financial Instruments

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Question;55.;For a taxpayer in;the 25% marginal tax bracket, a 20-year municipal bond currently yielding;5.5% would offer an equivalent taxable yield of;A.;7.33%.;B.;10.75%.;C.;5.5%.;D.;4.125%.;56.;For a taxpayer in;the 15% marginal tax bracket, a 15-year municipal bond currently yielding;6.2% would offer an equivalent taxable yield of;A.;6.2%.;B.;5.27%.;C.;8.32%.;D.;7.29%.;57.;With regard to a;futures contract, the short position is held by;A.;the trader;who bought the contract at the largest discount.;B.;the trader;who has to travel the farthest distance to deliver the commodity.;C.;the trader;who plans to hold the contract open for the lengthiest time period.;D.;the trader;who commits to purchasing the commodity on the delivery date.;E.;the trader;who commits to delivering the commodity on the delivery date.;58.;A call option allows;the buyer to;A.;sell the;underlying asset at the exercise price on or before the expiration date.;B.;buy the;underlying asset at the exercise price on or before the expiration date.;C.;sell the;option in the open market prior to expiration.;D.;sell the;underlying asset at the exercise price on or before the expiration date and;sell the option in the open market prior to expiration.;E.;buy the;underlying asset at the exercise price on or before the expiration date and;sell the option in the open market prior to expiration.;59.;A put option allows;the holder to;A.;buy the;underlying asset at the strike price on or before the expiration date.;B.;sell the;underlying asset at the strike price on or before the expiration date.;C.;sell the;option in the open market prior to expiration.;D.;sell the;underlying asset at the strike price on or before the expiration date and;sell the option in the open market prior to expiration.;E.;buy the;underlying asset at the strike price on or before the expiration date and;sell the option in the open market prior to expiration.;60.;The ____ index;represents the performance of the German stock market.;A.;DAX;B.;FTSE;C.;Nikkei;D.;Hang Seng

 

Paper#55079 | Written in 18-Jul-2015

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