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The preliminary version of a security offer that is circulated to potential buyers before
SEC approval (registration) is obtained is called a
A.final prospectus.
B.shelf registration statement.
C.due diligence draft.
D.waiting period offer.
E.red herring prospectus.
Refer to Figure 14-3. What was QPZ's closing price on December 11?
Figure 14-3
Use the following stock listing for transactions on December 12 to answer the
questions:
[ED: the red colored cells must be merged and the word €net€ deleted]
NARREND
a.$45.00 per share
b.$44.25 per share
c.$44.25 per share
d.$43.38 per share
The Great Recession that began in December, 2007
a.lasted eighteen months.
b.lasted 3 years.
c.lasted 4 years.
d.continues to this day.
The following formula is used to calculate the _____________ of a money market
investment.
A.EAR
B.APR
C.single-payment yield
D.discount yield
E.BEY
Coverage that appears to be provided in one part of an insurance policy may be denied
elsewhere in the same policy.
a.True
b.False
James was injured in a freak accident in his dorm room and had to spend several days in
the hospital. His covered medical costs totaled $8,000. How much will James's health
insurance policy pay for this claim given the following policy information?
$400 deductible per year
80/20 coinsurance
$2,000 per year out-of-pocket coinsurance cap
a.$5,600
b.$6,080
c.$6,400
d.$7,600
Credit use increases future buying power.
a.True
b.False
Many offers for credit monitoring services are actually negative option plans that
automatically sign you up for a credit reporting service.
a.True
b.False
In order for a potential loss to be insurable it must be
a.fortuitous and financial.
b.indemnifiable.
c.catastrophic.
d.expected.
You want to have $5 million when you retire in 40 years. You believe you can earn 9
percent per year on your investment. How much must you invest each year to achieve
your goal when you retire? (Ignore all taxes.)
A.$10,412
B.$11,619
C.$14,798
D.$15,295
E.None of the options
