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SOFQ Securities Operations Foundation Qualification (SOFQ) Question and Answers

Question # 4

Accrued interest is designed to:

A.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

B.

Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date

C.

Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date

D.

Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date

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Question # 5

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

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Question # 6

The divisors applicable to the calculation of bank interest are:

A.

EUR = 360, USD = 360, GBP = 365

B.

EUR = 365, USD = 360, GBP = 365

C.

EUR = 365, USD = 365, GBP = 360

D.

EUR = 360, USD = 365, GBP = 360

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Question # 7

A bond which pays no interest during its lifetime sand repays capital on its maturity date is known as:

A.

A zero interest bond

B.

A nil interest bond

C.

A zero coupon bond

D.

A zero interest note

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