1. When evaluating whether to purchase a municple bond or a corporate bond, an important criteria to evaluate is:

a. coupon rate

b. dividend yield

c. after-tax yield

d. Price-to-exchange ratio

2. Which of the following statements is typically true of investors in open-end mutual funds?

a. Class A share investors do not pay a sales charge when purchasing shares

b. Class A share investors do not pay sales charge when redeeming shares

c. Class C share investors purchase shares at the public offering price (POP)

d. Class C share investors do not pay a sales charge when redeeming shares within the first year.

3. Which of the following responses describes statutory disqualifications as referred to index SEC rules?

a. A suspension from associations with a member firm

b The failure to obtain adequate suitability information as required by securities law

c. The inability of an investor to qualify for the minimum required investments of a mutual fund

d. A disciplinary action taken by a firm against a registered representative for churning in customer accounts

4.At company ABC's next annual meeting, five directors will be selecected to its board. a customer who owns 100 shares of ABC common stock plans to cast his votes at the meeting. Under the cumulative voting system, the customer is permitted to cast a maximum?

A. 20 votes for each of the five directors

B. 100 votes distributed in any way among the five directors

c. 500 votes for each of the five directors

d. 500 votes distributed in any way among the five directors