1. If you hold a bond, you could have taxable income from this bond even though you received no cash flows from the bond.
True
False
2. Munis have an active secondary market.
True
False
3. Rule 144A increased the liquidity of the secondary market for registered securities.
True
False
4. In 2008, FNMA and GNMA were placed into conservatorship.
True
False
5. Hybrid ARMs are suitable for borrowers who do not plan on staying in their residence for more than 5 years.
True
False