Which of following is applicable to corporate bonds in the United States?
A. Actual/360
B. Actual/Actual
C. 30/360
D. Actual/365
C
Corporate bonds in the U.S are usually quoted with a 30/360 day count. This means that there are assumed to be 30 days per month and 360 days per year when the length of an accrual period is calculated.
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As a requirement of investing in a particular business investment, your customer has just signed a statement attesting to his annual income, net worth, and affirming that the risks associated with the investment are understood. The signed statement, once submitted with the intended investment amount, will either be approved or disapproved. Approval allows the investor to subscribe to the investment. Which of the following investments would have such a requirement?
A) A variable annuity B) A special situation fund C) A direct participation program D) A collateralized mortgage obligation
The primary reasons retailers give for supporting a manufacturer's consumer promotions program include each of the following, except:
A) increase store traffic B) increase store sales C) increase sales of the manufacturer's brand D) attract new customers