A company can dispute any check alterations within how many days after the bank statement has been sent?

• A.60 days
• B.90 days
• C.30 days
• D.180 days

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A dealer is selling securities to a client. What is the yield/price at which the dealer will sell?

• A.Market price
• B.Ask price
• C.After-tax price
• D.Bid price

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A publicly traded company is looking to fund its next project with the issuance of stock. The company's stock is primarily held by a small group of investors. The company is concerned that issuing stock may upset these investors because it would dilute their holdings. Which of the following strategies would help address the investors' concern?

• A.Offer to stagger the election of directors.
• B.Grant the investors pre-emptive rights to the new issue.
• C.Allow the investors to cast their votes by proxy at the next shareowners meeting.
• D.Grant the investors cumulative voting rights.

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Company XYZ had the following sales over the last 5 years:

The company raised funds to invest in its operations. Considering the company's growth, it is interested in future options that will allow it to maintain its debt level and keep debt costs low. The company is not concerned about changes to the working capital structure. Which security did the company issue?

• A.Bond with an equity kicker
• B.Zero-coupon bond
• C.Unsecured bond
• D.Convertible security

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A small regional bank is losing market share in fiduciary services and the CEO has decided to scale back the trust department. Which of the following is considered a core service of a trust department?

• A.Processing drafts for collection.
• B.Monitoring compliance with audit procedures
• C.Providing consulting services in debt origination
• D.Paying agent for dividend and interest payments

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