M 2. Roy\'s Welagp The market rate of return on this stock is 8.20 percent. What

Question

M 2. Roy's Welagp The market rate of return on this stock is 8.20 percent. What is the A. $1.80 B. $1.86 C. $1.92 D, $1.98 E. S2.10 M 3. The secondary market is best defined by which one of the following? A. market in which subordinated shares are issued and resold B. market conducted solely by brokers C. market dominated by dealers D. market where outstanding shares of stock are resold E. market where warrants are offered and sold M 4. An agent who maintains an inventory from which he or she buys and sells securities is called a: A. broker. B. trader C. capitalist D. principal. E. dealer M 5. A securities market primarily comprsed of dealers who buy and sell for their own inventories is referred to which type of market? A. auction B. private C. over-the-counter D regional E electronic network Page

Explanation / Answer

The shares when issued under an IPO for the first time are known to be issued in the primary market. When existing shares and bought and sold, they are said to be bought and sold in the secondary market

3. The secondary market is

D. market where outstanding stock of shares are resold

4. An agent who maintains an inventory from which he buys and sells securities is called:

E. Dealer

Broker is an intermediary and doesn’t maintain his inventory

Trader is the investor

5. A securities market comprised of dealers who buy and sell their own inventories is:

B. Private Market

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