A bond without any security behind them except a promise to pay by the issuing corporation is called __________________?

Related Mcqs:

1. What bond whose security is a mortgage on certain specified assets of the corporation ?

   A. Registered bond
   B. Collateral trust bond
   C. Mortgage bond
   D. Debenture bond

2. What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?

   A. Bond
   B. T-bills
   C. Stock
   D. Promissory note

3. A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries ?

   A. Mortgage bond
   B. Joint bond
   C. Security bond
   D. Collateral trust bond

4. What type of bond where the corporation’s owner name are recorded and the interest is paid periodically to the owners with their asking for it ?

   A. Preferred bond
   B. Registered bond
   C. Incorporators bond
   D. Callable bond

5. What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?

   A. T-bills
   B. Securities
   C. Bond
   D. Bank notes

6. A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond ?

   A. P 1,122.70
   B. P 1,144.81
   C. P 1,133.78
   D. P 1,155.06

7. A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan ?

   A. P 6,999.39
   B. P 6,292.93
   C. P 6,222.39
   D. P 6,922.93

8. The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ___________________?

   A. Dividend
   B. Return
   C. Share of stock
   D. Equity

9. Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?

   A. P18,000
   B. P18,900
   C. P19,000
   D. P19,100

10. What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?

    A. Authorized capital stock
    B. Preferred stock
    C. Incorporator stock
    D. Common stock