Exercise
Answer true or false.
1. True or false: The yields listed on the customer trade confirmation will always be the same as the yield to maturity.
2. True or false: A dealer must provide the customer with a written confirmation of the trade by the time the trade has been completed.
3. True or false: A yield calculation must be included in the confirmation for a transaction involving municipal fund securities.
4. True or false: Customer confirmations must include specific information about the security being bought or sold, such as the name of the issuer and