SOFQ Online Practice Questions and Answers

A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:

A. Demandable bond

B. Callable bond

C. Requestable bond

D. Askable bond

The date on which a securities trade is intended to settle is: A. The actual settlement date

B. The contractual trade date

C. The value date

D. The trade date

From the perspective of one party to a securities trade, Free of Payment settlement without risk means:

A. Delivering an asset to the counterparty prior to receipt of the contra asset from the counterparty

B. Simultaneously exchanging securities and cash with the counterparty

C. Delivering an asset to the counterparty following successful exchange of trade confirmations

D. Receiving the counterparty's asset before instructing release of the contra asset

Grey market trading refers to:

A. Trading of equity and bonds by investors aged 65 and over at the start of the tax year

B. Trading in convertible and exchangeable bonds prior to their conversion

C. Trading in corporate bonds following the bondholder's decision to take-up a put option

D. Trading in a new issue of bonds by parties not involved in the syndication process

A European country that has not adopted the Euro is:

A. Belgium

B. Slovakia

C. Slovenia

D. Norway

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

A. USD 1.89

B. USD 18.90

C. USD 189.00

D. USD 1890.00

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

A. issue value

B. par value

C. notional quantity

D. share size

A firm executing a securities trade in the capacity of agency broker intends:

A. To take a securities position, and to remain market risk neutral

B. Not to take a securities position, and not to remain market risk neutra

C. Not to take a securities position, and to remain market risk neutral

D. To take a securities position, and not to remain market risk neutral