An FI is exposed to reinvestment risk by holding longer-term assets relative to liabilities.

When three one-acre parcels are to be sold from a nine-acre parcel each year for three years, the sellers must comply with

A. the map act. B. the Subdivided Lands Law. C. both of these. D. neither of these.

What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share?

A) $3.33 B) $3.60 C) $4.00 D) $5.00