Supplemental Exam 1 Flashcards

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1
Q

According to the IA Act of 1940, a federal covered adviser must maintain and preserve its articles of incorporation and stock certificate books for:

A

Three years after the termination of the firm

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2
Q

What would decrease the future earnings per share of a company?

A

Issuing convertible debt

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3
Q

What is NOT included in the equity section of a balance sheet?

A

Long term bonds

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4
Q

Which mutual fund share class assesses a back end load?

A

Class B

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5
Q

An ERISA qualified plans investment policy statement does NOT include:

A

Tax treatment of the invested assets

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6
Q

Comparable to non callable bonds, callable bonds typically have:

A

Higher coupons

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7
Q

What’s the highest rating for a HIGH YIELD bond?

A

BB

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8
Q

What characteristic of the convertible bond is the same as a non-convertible bond?

A

Priority in BK

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9
Q

What’s the purpose of ERISA?

A

To prevent the abuse and misuse of pension funds

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10
Q

What does the Sharpe ratio measure?

A

The excess return received for extra volatility endured by holding a riskier asset.

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11
Q

What’s the purpose of QDROs?

A

To split a retirement plan or pension plan

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