投资学第7版TestBank答案03.docx
- 文档编号:860731
- 上传时间:2022-10-13
- 格式:DOCX
- 页数:28
- 大小:117KB
投资学第7版TestBank答案03.docx
《投资学第7版TestBank答案03.docx》由会员分享,可在线阅读,更多相关《投资学第7版TestBank答案03.docx(28页珍藏版)》请在冰豆网上搜索。
投资学第7版TestBank答案03
MultipleChoiceQuestions
1.
3.
4.
actasintermediariesbetweenissuersofstocksandinvestors.
actasadvisorstocompaniesinhelpingthemanalyzetheirfinancialneedsandfindbuyersfornewlyissuedsecurities.
acceptdepositsfromsaversandlendthemouttocompanies.AandB.
A,B,andC.
Apurchaseofanewissueofstocktakesplace
A)
B)
C)
D)
E)
Specialistsmaintainabooklistingoutstandingunexecutedlimitorders.Specialistsearnincomefromcommissionsandspreadsinstockprices.Specialistsstandreadytotradeatquotedbidandaskprices.Specialistscannottradeintheirownaccounts.
A,B,andCarealltrue.
Answer:
EDifficulty:
Moderate
Rationale:
Thespecialists'functionsarealloftheitemslistedinA,B,andC.Inaddition,specialiststradeintheirownaccounts.
Investmentbankers
A)
B)
C)
D)
E)
Answer:
DDifficulty:
Moderate
Rationale:
Theroleoftheinvestmentbankeristoassistthefirminissuingnewsecurities,bothinadvisoryandmarketingcapacities.The
theinvestmentbankerbuysthestockfromthecompanyandresellstheissuetothepublic.
theinvestmentbankeragreestohelpthefirmsellthestockatafavorableprice.theinvestmentbankerfindsthebestmarketingarrangementfortheinvestmentbankingfirm.
BandC.AandB.
B)
C)
investmentbankerdoesnothavearolecomparabletoacommercialbank,asindicatedinC.
Ina"firmcommitment"
A)
D)
E)
Answer:
ADifficulty:
Moderate
A)
B)
C)
D)
ThesecondarymarketconsistsoftransactionsontheAMEX.transactionsintheOTCmarket.transactionsthroughtheinvestmentbanker.AandB.
E)A,B,andC.
Answer:
DDifficulty:
Moderate
Rationale:
ThesecondarymarketconsistsoftransactionsontheorganizedexchangesandintheOTCmarket.Theinvestmentbankerisinvolvedintheplacementofnewissuesintheprimarymarket.
6.
TheuseoftheInternettotradeandunderwritesecurities
isillegalunderSECregulations.
isregulatedbytheNewYorkStockExchange.decreasesunderwritingcostsforanewsecurityissue.increasesunderwritingcostsforanewsecurityissue.
isregulatedbytheNationalAssociationofSecuritiesDealers.
A)
B)
C)
D)
E)
Answer:
CDifficulty:
Moderate
7.
Rationale:
TheSECpermitstradingandunderwritingofsecuritiesovertheInternet,buthasrequiredfirmsparticipatinginthisactivitytotakestepstosafeguardinvestmentfunds.Thisformofunderwritingisexpectedtogrowquicklyduetoitslowercost.Initialmarginrequirementsaredeterminedby
A)B)C)
D)E)Answer:
BDifficulty:
Moderate
theSecuritiesandExchangeCommission.
theFederalReserveSystem.
theNewYorkStockExchange.
BandC.
AandB
8.
Rationale:
TheBoardofGovernorsoftheFederalReserveSystemdeterminesinitialmarginrequirements.TheNewYorkStockExchangedeterminesmaintenancemarginrequirementsonNYSE-listedstocks;however,brokersusuallysetmaintenancemarginrequirementsabovethoseestablishedbytheNYSE.
stop-buyorderlimit-buyordermarketorderlimit-sellordernoneoftheabove.
YoupurchasedXYZstockat$50pershare.Thestockiscurrentlysellingat$65.Yourgainsmaybeprotectedbyplacinga
A)
B)
C)
D)
Answer:
DDifficulty:
Moderate
Rationale:
Withalimit-sellorder,yourstockwillbesoldonlyataspecifiedprice,orbetter.Thus,suchanorderwouldprotectyourgains.Noneoftheotherordersareapplicabletothissituation.
YousoldABCstockshortat$80pershare.YourlossescouldbeminimizedbyplacingaA)B)C)D)E)
E)
limit-sellorderlimit-buyorderstop-buyorderday-ordernoneoftheabove.
Answer:
CDifficulty:
Moderate
本文档如对你有帮助,请帮忙下载支持!
Rationale:
Withastop-buyorder,thestockwouldbepurchasedifthepriceincreasedtoaspecifiedlevel,thuslimitingyourloss.Noneoftheotherordersareapplicabletothissituation.
10.
Amarketorderissimplyanordertobuyorsellastockimmediatelyattheprevailingmarketprice.
Alimitsellorderiswhereinvestorsspecifypricesatwhichtheyarewillingtosellasecurity.
IfstockABCissellingat$50,alimit-buyordermayinstructthebrokertobuythestockifandwhenthesharepricefallsbelow$45.
Adayorderexpiresatthecloseofthetradingday.Noneoftheabove.
B)
C)
11.
Whichoneofthefollowingstatementsregardingordersisfalse?
A)
D)E)Answer:
EDifficulty:
ModerateRationale:
Alloftheorderdescriptionsabovearecorrect.
Restrictionsontradinginvolvinginsiderinformationapplytothefollowingexcept
corporateofficersanddirectors.relativesofcorporatedirectorsandofficers.majorstockholders.
Alloftheabovearesubjecttoinsidertradingrestrictions.Noneoftheaboveissubjecttoinsidertradingrestrictions.
A)
B)
C)
D)
E)
Answer:
DDifficulty:
Moderate
12.
Rationale:
A,B,andCarecorporateinsidersandaresubjecttorestric
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 投资 TestBank 答案 03