Bonds
What is another name for yield-to-maturity
Basis
What type of risk is most often associated with bonds?
Interest rate risk
Who is held accountable in a capital call?
Limited partner
Form U4
What is a college savings plan for someone with a disability?
529 ABLE plan
Trading at a discount
Who decides the discount rate?
The FRB
What is a common investment for accredited investors that is generally unregulated?
Hedge funds
When is a firm required to update Form U5?
How long is the cooling off period?
20 days
What type of bond would be used to develop city sidewalks?
Special assessment
What type of risk is not avoidable through diversification?
Market risk
What is the main difference in determining price between ETFs and mutual funds?
ETFs are priced continuously through supply and demand
Form U6 generally has what information?
Disciplinary action and arbitrations
What is the annuity plan that stops payments after death?
Straight-life
What is the lowest Moody's rating of a municipal bond?
SG (speculative grade)
What risk would most closely be associated with an investment in a company based in Switzerland?
Currency risk
What is the favorable tax treatment with DPPs?
20% of income passed through the partnership is deductible
Maximum tax rate on ordinary income is 37%
When are quarterly complaints due to FINRA?
15th of the month
What is form 10-K?
Annual financial report
What is the current yield of a bond with a 5% coupon trading at $960?
5.2%
What would be the result of the FRB increasing the reserve requirement in terms of overall interest rates?
Interest rates would increase
What is the limited partnership that assists in funding of Section 8 housing?
Government-Assisted Housing Projects
What is the maximum contribution from an MFP for a candidate that lost their mayoral election?
No limit
What is the Series 52 registration?