China investment bank’s main profit comes from brokerage commission.
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Which of the following is not Investment banks' business
A. Saving
B. underwriting
C. M&A consulting
D. Trading
GOX co. wants to issue $30 million floating rate bonds and $10 million inverse floating rate bonds at the same time. It intends to fix the coupon rate of bonds at 5%. If GOX co. set the coupon rate of floating rate bonds at LIBOR+3%, what’s the coupon rate for inverse floating rate bonds?
A. 12%-3.LIBOR
B. 11%-3.LIBOR
C. 10%-2.LIBOR
D. 9%-2. LIBOR
If Mary accepts high return and high risk, which asset she should select to invest in?
A. Common shares of Tesla
B. Vanguard’s money market fund
C. Goldman Sachs’s oil future fund
D. P&G co.’s 5-year corporate bond
T+0 in security trading referred to a trading order executed on the exchange must be settled within the day of trading.