答案和详解如下： 6.Which of the following statements about selling shares of stock is FALSE? A) The "depth" of the market is typically defined as the number of traders willing to trade at prices above and below the current price. B) If the initial margin requirement is 50% and the maintenance margin requirement is 25%, the investor who buys a stock at $26 on margin will receive a margin call when the stock hits $17.33. C) Initial public offerings (IPOs) are sold in the secondary market. D) If a block sale of stock from an institution goes through a block company which is a member of the New York Stock Exchange, the trade will be listed as a trade on the floor. The correct answer was C) IPOs are sold in the primary market.
7.Which of the following statements about bonds, indexes, markets, and market efficiency is FALSE?
A) A price-weighted index assumes the investor holds an equal number of shares of the stocks in the index. B) A pure auction market is where buyers and sellers submit their bid and ask prices to a central location and transactions are matched by brokers who do not have a position in the security. C) Tests of market efficiency find that stock exchange specialists derive above-average returns. D) The bulk of all bond trading takes place on organized exchanges. The correct answer was D) The bulk of all bond trading takes place in the over-the-counter bond markets.
8.A primary market transaction involves:
A) primarily preferred stocks. B) the purchase and sale of previously-issued securities. C) the sale of new securities to investors. D) the direct trading of securities between institutional investors. The correct answer was C) A primary market is a market for new issues of securities. | 
发表于 2008-4-4 17:35
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