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The secondary market is best defined as the market: 20 A) dominated by dealers B

ID: 2656266 • Letter: T

Question

The secondary market is best defined as the market: 20 A) dominated by dealers B) conducted solely by beokers C)where outstanding shares of stock are resold o) in which suboedinated shares are issued and resold E) where warrants are offerod and sold 2) The owner of a trading license for the NYSE is called a 2n) A)agent Cl dealer o) member El broker. 2 A member who acts as a dealer in a limited number of securities on the floor of the NYSE is called a: A) commission brokcr B) designated market maker Cl floor trader. D) floor post E) floor beoker The stream of customer onders coming in to the NYSE trading floor is called the A) bid-usk spread B) paper trail. C)eeder flow. D) trading volume. E) commissioe trail Three Comers Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends wall be incrcasing by 1.3 percent annually. If you require a return of 146 percent, how much are you willing so pay to purchase one hare of this stock today? A) S10.68 B)S1082 C) $9.68 D) S11.23 E)S1157 3) Dee's made two announcements concerning its common stock today. First, the company ) announced that the next annual dividend will be $1.58 a share. Socondly, all dividends after that will decrease by 1.15 parcent annually. What is the value of this stock at a discount rate of 15.5 percet A) 59,82 B) S10 51 C) $949 D)S11.01 E) sio10 ) Yummy Bakery just paid an annual dividend of 53.40 a share and is expected to increase 3 hat amount by 2.2 percent per ycar. If you are planning to buy l,000 shares of this stock nest year, how much should you expect to pary per share if the market rate of return for his type of security is 14.8 pereent at the time of your purchase A) S28.18 )$27.20 c) $27.58 0) 529.89 E)$29.83 33) The common stock of Dayton Repair sells for $47.92 a share. The stock is expected to pay $2.28 per share next year when the annual dividend is distributed. The company increases its dividends by 1.65 percent annually. What is the markct rae of return on this tock? A) 6.14 percent B)9.92 percent C)4.84 percent D)6.41 percent E) 7.28 percent 34 Gec-Ciee common stock returmed a nifty 21.6 percent rate of roturn last year. The dividend amount was S.25 a share which equated to a dividend yield of 1.01 percent

Explanation / Answer

Q26) C

Q27) D

Q28) D

Q29) C

Q30) B

Q31) C

Q32) C

Q33) D

Q34) B

Q35) B

Q36) A

Q37) C

Q38) D

Q39) A

Q40) A