1. Based on the following bond quotation: Xyz Co. 6.75 13 february 22/17 101.75 102.25 6.23 What special feature does this bond have?

a) extendible b) retractable c) redeemable d) it has no special feature

2. An investor will short a stock because:

a) stock prices are expected to decline b) she doesnt have enough cash to purchase directly c) stock prices are expected to increase d) to lock in profits when a stock has increased significantly.

3. Based on the following bond question: XYZ Co. 6.75 13 february 22/17 101.75 102.25 6 23: if you sold $10,000 par value of this bond to a dealer, what amount would you expect to receive?

a) $10,175 b)$10,000 c)$10,225 d)$10,200

4. A bond with a rating of AA:

a) is of high quality b) is close to default c) has a relativley high yield d) is of average quality