A strategy that buys a convertible security for the income and then sells the common stock short is called:
A. convertible arbitrage.
B. no-bias arbitrage.
C. long/short bias.
D. merger arbitrage.
A. convertible arbitrage.
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A financial intermediary
A. is a government-owned acceptor of deposits. B. pools the funds of many people. C. speculates in the stock market. D. advances loans but does not accept deposits.
Which of the following is NOT a typical objective of a community relations program?
A) to share confidential matters with community leaders B) to cooperate with other businesses on beneficial community projects C) to correct misunderstandings D) to support health programs with money and human resources
Commitment needs to be measured on what two levels?
a. Financial and process b. Individual and organizational c. Actions and words d. Senior management and employees
Trading (debt) securities are:
A. Recorded at cost and then reported at fair value on the balance sheet. B. Recorded at cost and then reported at cost over the life of the investment. C. Reported at historical cost and then adjusted for the amortized amount of any difference between cost and maturity value. D. Always classified as Long-Term Investments. E. Intended to be held to maturity.