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NEW QUESTION: 1
Big Easy Investment Banking, Inc., is participating in an Eastern account underwriting of $10 million of
municipal bonds by agreeing to underwrite 10% of the issue. One week later, $4 million remains unsold
but Big Easy has distributed $1.5 million of bonds. What is the liability of Big Easy remaining in the
account?
A. $600,000
B. $0
C. $1,000,000
D. $400,000
Answer: D
Explanation:
$400,000. In an Eastern account, liability remains open until the entire syndication is closed.
Therefore, Big Easy has a liability for 10% of the unsold portion. Since the unsold portion is $6 million, the
liability for Big Easy is 10% of that amount, which is $400,000.
NEW QUESTION: 2
A. Option C
B. Option A
C. Option B
D. Option D
Answer: A
NEW QUESTION: 3
Which two options are interface requirements for turbo flooding? (Choose two.)
A. The interface is PPP.
B. The interface is configured for ARPA encapsulation.
C. The interface is configured for GRE encapsulation.
D. The interface is configured for 802.1Q encapsulation.
E. The interface is Ethernet.
Answer: B,E
NEW QUESTION: 4
A. Option C
B. Option B
C. Option A
D. Option D
Answer: C