Which of the following statements about trading shares of stock or market efficiency is FALSE?
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A) |
Maintenance margin is the required percentage of an investor's equity compared to the total value of the stock after the investor trades on margin. |
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B) |
The uptick rule requires that the last trade in the security be at a price higher than the previous trade. |
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C) |
Block houses, where institutional traders buy and sell large blocks of shares, are also called upstairs traders. |
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D) |
External efficiency means prices adjust rapidly to new information. |
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The correct answer was B) The uptick rule requires that the last trade in the security be at a price higher than the previous trade.
The uptick rule requires that either: (1) the last trade is at a price higher than the previous trade, or (2) the last trade is at the same price (a zero trade) and that the previous non-zero trade is at a price higher than the trade before it. | 
发表于 2006-4-17 10:48
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