Financial Markets and Institution Question 2 -- / 0.5 Trusted Securities is taking an order from...
Financial Markets and Institution Question 1 -- / 1 Alan_ places securities orders for his/her customers, but does not provide investment advice. full service broker 2 program trader (3) discount broker (4) market maker position trader
Financial Markets and Institution Question 3 -- / 0.5 Gleason Investments is trying to sell some GM bonds from its own holdings. It bought them two years ago, hoping to profit from a bond price increase. Here, Gleason Investments is clearly involved in a/an: (1) program trade (2) principal transaction (3) best efforts transaction private placement 5) agency transaction
Financial Markets and institution Question 9 -- 0.5 is an account offered by a securities firm, much like a bank deposit. A underwriting account 1 cash management account 2 3 agency account negotiable CD 4 NSMIA account 5
Financial Markets and Institution Question 5 ( -- /0.5 Suppose an investment bank promises an issuing firm a fixed amount for a new issue of stock. Then, the investment bank intends to sell the stock to the public. This exemplifies alan arrangement. 1 risk arbitrage 2 best efforts underwriting position trading pure arbitrage 5 firm commitment underwriting
Financial Markets and Institution Question 8 -- / 0.5 When a securities firm helps support a secondary market for an asset, it is involved in: risk arbitrage (2) underwriting, in a best efforts offering 3 pure arbitrage (4 market making (5) underwriting, in a firm commitment