Teachers' Retirement Division, Department of Administration Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 2000

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The value of these securities will usually remain at or near par because their interest rates are reset to maintain a current market yield.
Covered options are contracts granting the right, on a given date, to buy or sell bonds, backed by cash or the underlying securities, in exchange for an agreed-upon sum or premium.
According to the Governmental Accounting Standards Board (GASB) Statement No. 31, Accounting and Financial Reporting for Certain Investments and External Investment Pools, STIP i
...s considered an external investment pool. An external investment pool is defined as an arrangement that pools the monies of more than one legally separate entity and invests, on the participant's behalf, in an investment portfolio. STIP is also classified as a "2a7-like" pool. A 2a7-like pool is an external investment pool that is not registered with the Securities and E.xchange Commission (SEC) as an investment company, but has a policy that it will, and does, operate in a manner consistent with the SEC's Rule 2a7 of the Investment Company Act of 1940.

What to read after Teachers' Retirement Division, Department of Administration Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 2000?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read online
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