【文章內(nèi)容簡(jiǎn)介】 0。a red herring.B.the preliminary statement.C.the prospectus.D.a bestefforts agreement.E.a firm mitment.39.One oute from the SEC investigation of the Flash Crash of 2010 wasA.a prohibition of short selling.B.higher margin requirements.C.approval of new circuit breakers.D.establishment of electronic munications networks (ECNs).E.passage of the SarbanesOxley Act.40.All of the following are considered new trading strategies exceptA.high frequency trading.B.algorithmic trading.C.dark pools.D.short selling.41.You sell short 100 shares of Loser Co. at a market price of $45 per share. Your maximum possible loss isA.$4,500.B.unlimited.C.zero.D.$9,000.E.Cannot tell from the information given42.You buy 300 shares of Qualitycorp for $30 per share and deposit initial margin of 50%. The next day, Qualitycorp39。s price drops to $25 per share. What is your actual margin?A.50%B.40%C.33%D.60%E.25%43.When a firm markets new securities, a preliminary registration statement must be filed withA.the exchange on which the security will be listed.B.the Securities and Exchange Commission.C.the Federal Reserve.D.all other panies in the same line of business.E.the Federal Deposit Insurance Corporation.44.In a typical underwriting arrangement the investment banking firmI) sells shares to the public via an underwriting syndicate.II) purchases the securities from the issuing pany.III) assumes the full risk that the shares may not be sold at the offering price.IV) agrees to help the firm sell the issue to the public, but does not actually purchase the securities.A.I, II, and IIIB.I, III, and IVC.I and IVD.II and IIIE.I and II45.Which of the following is true regarding private placements of primary security offerings?A.Extensive and costly registration statements are required by the SEC.B.For very large issues, they are better suited than public offerings.C.They trade in secondary markets.D.The shares are sold directly to a small group of institutional or wealthy investors.E.They have greater liquidity than public offerings.46.A specialist on the AMEX Stock Exchange is offering to buy a security for $. A broker in Oklahoma City wants to sell the security for his client. The Intermarket Trading System shows a bid price of $ on the NYSE. What should the broker do?A.Route the order to the AMEX Stock Exchange.B.Route the order to the NYSE.C.Call the client to see if she has a preference.D.Route half of the order to AMEX and the other half to the NYSE.E.It doesn39。t matter—he should flip a coin and go with it.47.You sold short 100 shares of mon stock at $45 per share. The initial margin is 50%. Your initial investment wasA.$4,800.B.$12,000.C.$2,250.D.$7,200.48.You sold short 150 shares of mon stock at $27 per share. The initial margin is 45%. Your initial investment wasA.$4,.B.$12,.C.$2,.D.$1,.49.You purchased 100 shares of XON mon stock on margin at $60 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend。 ignore interest on margin.A.$B.$C.$D.$50.You purchased 1000 shares of CSCO mon stock on margin at $19 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend。 ignore interest on margin.A.$B.$C.$D.$51.You purchased 100 shares of mon stock on margin at $40 per share. Assume the initial margin is 50% and the stock pays no dividend. What would the maintenance margin be if a margin call is made at a stock price of $25? Ignore interest on margin.A.B.C.D.E.52.You purchased 1,000 shares of mon stock on margin at $30 per share. Assume the initial margin is 50% and the stock pays no dividend. What would the maintenance margin be if a margin call is made at a stock price of $24? Ignore interest on margin.A.B.C.D.E.53.You purchased 100 shares of mon stock on margin for $50 per share. The initial margin is 50% and the stock pays no dividend. What would your rate of return be if you sell the stock at $56 per share? Ignore interest on margin.A.28%B.33%C.14%D.42%E.24%54.You purchased 100 shares of mon stock on margin for $35 per share. The initial margin is 50% and the stock pays no dividend. What would your rate of return be if you sell the stock at $42 per share? Ignore interest on margin.A.28%B.33%C.14%D.40%E.24%55.Assume you sell short 1,000 shares of mon stock at $35 per share, with initial margin at 50%. What would be your rate of return if you repurchase the stock at $25 per share? The stock paid no dividends during the period, and you did not remove any money from the account before making the offsetting transaction.A.%B.%C.%D.%56.Assume you sell short 100 shares of mon stock at $30 per share, with initial margin at 50%. What would be your rate of return if you repurchase the stock at $35 per share? The stock paid no dividends during the period, and you did not remove any money from the account before making the offsetting transaction.A.%B.%C.%D.%57.You want to purchase GM stock at $40 from your broker using as little of your