While Several States,including Massachusetts and New York,have Allowed Same-Sex Marriage,other

question 34

Multiple Choice

While several states,including Massachusetts and New York,have allowed same-sex marriage,other states have historically not been required to recognize those marriages because of:

• A)the full faith and credit clause
• B)the Defense of Marriage Act
• C)the supremacy clause
• D)the privileges and immunities clause
• E)their police powers

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Definitions:

Bond Yields

The amount of return an investor realizes on a bond, calculated as the percentage of the bond's annual interest payments relative to its market price.

Yield To Call

The return a bondholder gets if the bond is held until the call date, which is before the bond's actual maturity date.

Expected Capital Gains Yield

The anticipated rate of return from an investment due to an increase in its market price.

Reinvestment Rate Risk

Occurs when a short-term debt security must be “rolled over.” If interest rates have fallen, the reinvestment of principal will be at a lower rate, with correspondingly lower interest payments and ending value.