1. An example of a collateralized bond is:
a. a bond backed by credit card receivables b. a debenture c. a subordinated debenture d. all the above
2. Which of the following is a secondary market transaction?
a. Facebook held its IPO in May 2012 and Bank of America was one of the banks who handled it.
b. Jason invests $100 in a mutual fund. He then uses the money to buy $100 of Walmart shares on the NYSE.
c. Verizon issues 2000 shares of new stock and sells them to the public through Morgan Stanley.
d. a & c