Answer Key
Securities and foreign exchange – Practice 2
Fill in the gaps with the appropriate word or phrase in the correct form.
- During the first five years the company will not be allowed to pay [dividends] to its shareholders and income will be ploughed back to its operations.
- Livermore both made, and subsequently lost, four multi-million dollar fortunes dealing in assets during his career as a [speculator] , which spanned three decades.
- Investors holding HH bonds will continue to earn interest until their bonds reach their maximum value, i.e. final [maturity] 20 years after issue.
- When you pay $3,500 to purchase a 20-year bond with a face value of $10,000 you are probably buying a [zero-coupon] bond with no coupon or interest payment.
- Whenever a creditor tries to attach your assets, you can simply hand the [bearer] shares of a corporation over to a friend or family member, who instantly become their owner.
- As they mature gradually over a period of years, [serial] bonds are used to finance a project providing regular, level or predictable income streams.
- Early last year the Government in Vietnam [issued] bonds to raise funds for building more schools.
- Steen & Strøm invited investors to [subscribe] for shares in new shopping centre holding company.
- My wife and I would like to give our new niece a US Savings Bond. She is 2 months old and want to give her bonds that she can [redeem] at 18+ yrs old to get a nice start-up capital.
- The Dutch government plans to dispose of its [golden] share in KPN NV, which enabled it to veto any takeover of the company.