Which of the following statements is(are)true regarding municipal bonds?
I)A municipal bond is a debt obligation issued by state or local governments.
II)A municipal bond is a debt obligation issued by the federal government.
III)The interest income from a municipal bond is exempt from federal income taxation.
IV)The interest income from a municipal bond is exempt from state and local taxation in the issuing state.
Which of the following indices is(are)market-value weighted?
I)The S&P/TSX Composite Index.
II)The Standard and Poor's Composite 500-Stock Index Response
III)The Dow Jones Industrial Average.
Consider the following three stocks:
Assume at these prices the value-weighted index constructed with the three stocks is 490.What would the index be if stock B is split 2 for 1 and stock C 4 for 1?