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LOS k: Describe the mechanisms available for placing bonds in the primary market and differentiate the primary and secondary markets in bonds.
Q1. Which of the following does NOT represent a secondary market offering? When bonds are sold:
A) on an exchange.
B) in a Rule 144A offering.
C) in an over-the-counter dealer market.
Q2. When bonds are sold in a bought deal, the transaction takes place on the:
A) over-the-counter market.
B) secondary market.
C) primary market.
Q3. Which of the following does NOT represent a primary market offering? When bonds are sold:
A) on a best-efforts basis.
B) from a dealer’s inventory.
C) in a private placement.
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发表于 2009-3-2 16:55
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