(I) Callable bonds usually have a higher yield than comparable noncallable bonds
(II) Convertible bonds are attractive to bondholders and sell for a higher price than comparable nonconvertible bonds.
A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.
C
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Suppose you wish to analyze the change in the equilibrium price of lumber as a result of forest fires in the West. What would your first step be?
a. to decide whether the fires shift demand or supply b. to identify the new equilibrium point c. to decide whether the fires affect the price d. to decide whether the fires affect the quantity demanded
Which of the following most likely is a violation of federal securities law regarding communications before and during registered securities offerings?
A. A well-known seasoned issuer makes an oral offer 10 days after filing a registration statement with the SEC. B. An unseasoned issuer publishes its regularly released forward-looking information 15 days before filing a registration statement with the SEC. C. A seasoned issuer files hard-copy documents with the SEC that include its registration statement and prospectus. D. An issuer files a free-writing prospectus a day after filing a registration statement.