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NEW QUESTION: 1
Bubba buys a ten-year municipal and at 102 and sells it five years later at 101.
What is tax treatment?
A. a $10 long-term capital loss is realized
B. the $10 loss is applied as a reduction against ordinary income
C. the $10 loss is applied against future profits in municipal securities
D. no capital loss or income deduction is realized
Answer: D
Explanation:
Explanation/Reference:
Explanation: no capital loss or income deduction is realized. The $20 premium is amortized over the ten- year life of the bond. After five years, half of the premium has been written down. The remaining premium is the same as the premium received upon selling the bond. The sale at 101 results in no loss or gain.

NEW QUESTION: 2
What mechanisms does a master node use to detect a failure in the EAPS ring architecture? Select the two that apply.
A. The master node receives a trap-message from a transit node when it detects loss of link connectivity on any of its ring ports.
B. The master node sends a health-check packet on the control VLAN, when the ring breaks the master node stops receiving this packet on its secondary port.
C. The master node uses IGMP and IGMP snooping to detect the transit nodes and than to learn about failures in the topology between them.
D. The master node uses OSPF to quickly learn about link state topology changes.
Answer: A,B

NEW QUESTION: 3
Assuming granular locking is enabled, what activity can happen in parallel to changing a community account owner without risking group membership lock errors?
A. Creation of a Territory
B. Deletion of a Territory
C. Creation of a Role
D. Deletion of a Role
Answer: A