Securities

general creditors, secured bondholders, subordinated debenture holders, accrued taxes A corporate bankruptcy liquidation took place. Of the following who was paid first and who was paid last?

Accrued taxes first, subordinated bondholders last

Restricted shares, those that are unregistered, meaning that they were not attained in a public offering, may be sold by a non affiliate

after holding them for 6 months and freely thereafter

Laws increasing or decreasing taxation would be best associated with

fiscal policy enacted by the president and Congress

A customer buys a 4% Treasury bond, maturing in 10 years, at a price of 96.08. The yield to maturity is

greater than nominal yield

To contract or slow economic growth U.S. fiscal policy should be to

raise taxes and cut government spending for programs and development

A select pair or group of companies organized to underwrite corporate or municipal securities is BEST known as a(n)

syndicate