1. What will a bond be worth on the day it matures? A. $100 B. $0 C. its face value (plus remaining coupon, if applicable) D. its remaining coupon, if applicable
2. The NYSE is: A. a dealer market. B. a negotiated market. C. a free agent market. D. an agency auction market.
3. The independent, quasi-judicial agency of the U.S. government that administers laws in the securities field and protects investors and the public in securities transactions is: A. SEC B. SIPC C. FINRA D. The Federal Reserve Bank
4. In general, the ex ante risk-return tradeoff A. is flat B. is impossible to determine. C. slopes upward. D. slopes downward.