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Questions # 11:

On a scale of 1,500,000 Microsoft Corporation shares at a price of USD 3.78 per share, the SEC Fee payable is::

Options:
A.

USD 1.89

B.

USD 18.90

C.

USD 189.00

D.

USD 1890.00

Questions # 12:

The integrity of internal books & records for securities is proven by ensuring:

Options:
A.

The total ownership position is equal to the sum of open and closed trades with counterparties

B.

The total settled position is equal to the sum of open trades and trades with a future value date

C.

The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties

D.

The total settled position is equal to the sum of open and closed trades with counterparties

Questions # 13:

Within the security entitled 'Exxon Mobil Corporation USD 1.00 Common Stock', the 'USD 1.00' is commonly known as the:

Options:
A.

issue value

B.

par value

C.

notional quantity

D.

share size

Questions # 14:

Thefollowing is an inaccurate statement:

Options:
A.

Warrants have a variable exercise price

B.

Warrants are exercisable by the warrant holder

C.

Warrants will expire if not exercised by the expiry date

D.

Warrants are detachable from the original security

Questions # 15:

The following are examples of money market instruments:

Options:
A.

Zero coupon bonds and Floating-rate notes

B.

Convertible bonds and Mortgage-Backed Securities

C.

Fixed-rate bonds and Step-up bonds

D.

Commercial Paper and Certificate of Deposit

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