What is the main purpose for holding cash?
Is cash a good hedge against inflation?
What is the difference between liquidity and marketability? Are marketable assets necessarily liquid? Are liquid assets necessarily marketable?
What type of asset is most suitable for an emergency fund?
What are the characteristics of: money market deposit accounts, CDs, commercial paper, Treasury bills, repurchase agreements, money market mutual funds, bankers acceptances
Are Treasury bills purchased at face value or at a discount? Are they subject to OID rules? In what denominations can they be purchased?
What are characteristics of Eurodollars?
What are the characteristics of a bond?
What is par value, discount bond, premium bond, par bond
How do bond ratings affect bond yield?
What is the definition of an investment grade bond? A high yield bond?
How do you calculate the current yield on a bond?
What are the main differences in Treasury notes and Treasury bonds?
Is interest from Treasury securities subject to federal taxes? To state and local taxes?
What is a STRIP?
How do TIPS work?
What are the benefits of investing in municipal bonds?
What are the differences between GO bonds and revenue bonds? Which is safer?
Calculate the after-tax return on: Treasury bond, corporate bond, in-state muni, out of state muni
What is a private activity bond? How is taxation potential different from a regular muni?
What is a zero coupon bond?
Calculate the conversion ratio for a convertible bond. Calculate the conversion value of a convertible bond.
Why hold foreign bonds? What are the risks of holding a foreign bond?
What is a Yankee bond? Are they subject to exchange rate risk?
What are characteristics of venture capital financing?
What are the advantages of issuing stock?
What are the main characteristics of debt and equity?
Describe the relevant dates in the dividend payment schedule
What are the definitions of growth, cyclical, defensive, value stocks
What are the characteristics of preferred stock?
What are characteristics of a limited partnership?
What effect might a dividend announcement have on stock price?
What are: Stock rights, Stock options, Warrants
What are the characteristics of ADRs?
Do ADRs have foreign exchange risk?
Are they eligible for qualified LT cap gains treatment?
What is the definition of an ADR?
Differentiate between open-end and closed-end investment companies.
Calculate NAV
What is a unit investment trust?
Which of the following statements regarding ETFs and hedge funds are true?