Are clearly all blue chip securities

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Reference no: EM133363298

Question:

As of December 31, 20X9, the portfolio consisted of the following holdings:

12/31/X9 12/31/X9

Security Carrying Value Market Value

Transco, Inc. Preferred $ 804,024 $ 810,000

Jolly Roger Amusement Parks Common 720,000 660,000

Pets 'R' Us Common 736,000 742,000

General Department Stores Common 660,000 550,000

AT&T 8% Debenture Bonds 930,000 942,000

Daimler/Chrysler 11% Debenture Bonds 1,150,000 1,131,000

Cleveland Electric 9% Debenture Bonds 2,000,000 2,066,000

Based on your understanding of marketable securities, the securities held by Brony's Bike as of December 31, 20X9:

a. Are clearly all blue chip securities

b. Are clearly not all blue chip securities

c. Debt securities are clearly blue chip but not the equity securities

d. Equity securities are clearly blue chip but not debt securities

Reference no: EM133363298

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