XYZ Company is considering the purchase of a security that generates a tax equivalent yield of 10% and a tax exempt yield of 7.1%. What is XYZ's marginal investment tax rate?

• A.29.0%
• B.36.1%
• C.40.8%
• D.61.0%

Comment: *

Name: *

Email: *

Verification: *

In order to be defined as independent, a corporate director:

• A.cannot have been an employee with the company during the past three years.
• B.cannot meet regularly with executive management outside of board meetings.
• C.cannot have a material relationship with the company.
• D.cannot have owned preferred stock shares in the company.

Comment: *

Name: *

Email: *

Verification: *

A portfolio manager's investment policy states that they are not allowed to hold any investments that have extension risk. Which type of investment should the portfolio manager avoid?

• A.Ginnie Mae MBSes
• B.REMICs
• C.Municipal bonds
• D.Treasury notes

Comment: *

Name: *

Email: *

Verification: *

XYZ Company's cash manager is evaluating cash concentration transfer options. The company has an 8% cost of funds and $50,000 in average daily field cash receipts. The wire transferresults in the transfer of funds one day faster. Which of the following options correctly ranks the transfer choices from most cost-effective to least cost-effective?
1.Electronic depository transfer costing $1.00
2.Electronic depository transfer costing $2.50
3.Wire transfer costing $8.00
4.Wire transfer costing $15.00

• A.1, 2, 3, 4
• B.3, 4, 1, 2
• C.3, 1, 2, 4
• D.1, 3, 2, 4

Comment: *

Name: *

Email: *

Verification: *

What type of insurance provides payments to an organization if it is unable to continue operations for some period due to an unforeseen event?

• A.Property
• B.Difference in conditions
• C.Casualty
• D.Business interruption

Comment: *

Name: *

Email: *

Verification: *