Question：What is the name given to the date on which a forward rate agreement is dealt?

　　A. Fixing date

　　B. Trade date

　　C. Maturity date

　　D. Settlement date

　　The correct answer is: Trade date.

　　The Settlement Date is the date on which contracts settle with a single cash payment made on the first day of the underlying loan.

　　The Fixing Date is the date when the reference rate is determined.

　　The Maturity Date is the date on which the notional loan or deposit expires.

　　Question：Loan stock and preferred shares are not popular as consideration for the equity shares of another company. Which of the following is not a reason for the unpopularity of loan stock or preferred shares?

　　A. The effect on control of the acquiring company.

　　B. The effect on the gearing level of the acquiring company.

　　C. The change in structure of the target shareholders' portfolios.

　　D. The securities potentially being less marketable than equity shares.

　　The correct answer is: The effect on control of the acquiring company.

　　There will generally be no change in the control of the acquiring company as equity shares are not being issued.