A dark cross in floor markets might occur when: a. Broker A has a customer order to buy 10,000 shares, and contacts broker B to see if he/she has a customer order to sell 10,000 shares of the same stock. O B Broker A has a customer order to buy 10,000 shares, and submits the order to a dark pool to be crossed with an order to sell 10,000 shares of the same stock. OC Broker A has a customer order to buy 10,000 shares, and also has a customer order to sell 10,000 shares of the same stock. O d. Broker A has a customer order to buy 10,000 shares, and submits the order to another exchange as a hidden order. d.

A dark cross in floor markets might occur when: a. Broker A has a customer order to buy 10,000 shares, and contacts broker B to see if he/she has a customer order to sell 10,000 shares of the same stock. O B Broker A has a customer order to buy 10,000 shares, and submits the order to a dark pool to be crossed with an order to sell 10,000 shares of the same stock. OC Broker A has a customer order to buy 10,000 shares, and also has a customer order to sell 10,000 shares of the same stock. O d. Broker A has a customer order to buy 10,000 shares, and submits the order to another exchange as a hidden order. d.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A best efforts underwriting is a situation where: Question 31Answer a. An underwriter buys securities from an issuer and reoffers them to the public at a higher price. b. An underwriter commits to securing 100% market acceptance of a securities issue. c. The issuer receives all the proceeds from a market issue. d. The underwriter act as an agent of the issuer in marketing the securities to investors
In a targeted stock repurchase, ... O A. ... a firm uses a tender offer to buy back a large number of own shares. O B. ... a firm buys back own stock from shareholders on the open market. O C. ... a firm distributes put options on its own shares to its shareholders. O D.... a firm buys back own shares from one or few major shareholders.
To buy or sell stocks, one may go to the _____________________ personally.
Which of the following statements is FALSE? When a buyer seeks to buy a stock, the willingness of other parties to sell the same stock suggests that they value the stock differently. O When private information is relegated to the hands of a relatively small number of investors, these investors may be able to profit by trading on their information. Since stock markets aggregate the information and views of many different investors, we expect the stock price to react quickly to new publicly available information as the investors continue to trade until a consensus is reached as to the new value of the stock. If the profit opportunities from having private expertise are large, other individuals will attempt to gain the expertise and devote at least as large amount of resources needed to acquire it.
Which of the following is/are true about specialists? I. Any investor who owns stock may be a Specialist. II. Specialists are used by the NASDAQ system II. Market and limit orders are transacted by specialists. IV. Specialists help maintain continuous trading (liquidity) O A. I, II, and III only B. I and IV only C.II, III, and IV only D.I only E. III & IV
PART A: Common stock has seniority relative to preferred stock. True False PART B: Issuance or flotation costs are the costs investors pay to brokers when they purchase common stock. True False
If you place an order to buy or sell a share of an open-ended mutual fund during the trading day, the order will be executed at ____________. A. the NAV at the time you place the order B. the NAV calculated at the opening of the next day's trading C. the NAV delayed 15 minutes D. the NAV calculated at the market close on the day E. the market price at the time you place the order
N2 Part of road show to promote a firm’s IPO is called book building where institutional investors submit their intention to how many shares at what price levels. The investment bank will use this information to determine an offer price such that it can raise most capital. It seems that intentionally submitting lower prices would benefit the institutional investors, however the investment bank does not have to worry about this potential cheating behavior. True False
54) Which of the following is an electronic marketplace for buying and selling global stocks and securities? A) New York Stock Exchange B) Over-the-counter market C) NASDAQ D) Tokyo foreign securities exchange E) London foreign securities exchange 55) Jennifer Fritz is thinking about purchasing the stock of the Sunshine Corporation at the current market price. What type of order should she place? A) Market order B) Limit order C) Stop order D) Discretionary order E) Common order 56) Ashley Riley wants to buy the stock of XYZ Company at a specified price or better. What type of order should she place? A) Market order B) Limit order C) Stop order D) Discretionary order E) Common order 57) Carol Fisher wants to sell the stock of Hathaway International at the next available price after the market price reaches $50 per share. What type of order should she place? A) Market order B) Limit order C) Stop order D) Discretionary order E) Common order 58) A long-term technique used by investors…
An investment banker most commonly makes money from Group of answer choices A. commissions from buyers. B. artificially supporting the stock price during and after the offering. C. fees from other investment bankers in the syndicate. D. the spread between the issue price and proceeds to the issuer.
I don’t understand
Which of the following statements is true about broker markets? Group of answer choices Brokers bring buyers and sellers together to earn a margin, called a bid-ask spread. Brokers’ extensive contacts provide them with a pool of price information that individual investors could easily duplicate themselves, and hence not really value adding. Brokers cannot guarantee an order because they have no inventory of securities. Investors have no incentive to hire a broker because what they charge as a commission is more than the cost of direct search.

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