【正文】 C.A.30.Shelf registrationStopbuy orderE.Discretionary orderC.A.29.Which of the following orders instructs the broker to buy at or above a specified price?Stopbuy orderE.Discretionary orderC.A.28.Which of the following orders instructs the broker to sell at or above a specified price?Stopbuy orderE.StoplossC.A.27.Which of the following orders instructs the broker to sell at or below a specified price?Stopbuy orderE.Discretionary orderC.A.26.Which of the following orders instructs the broker to buy at or below a specified price?Stopbuy orderE.Discretionary orderC.A.25.Which of the following orders instructs the broker to buy at the current market price?Limitloss orderD.Limit orderB.s broker in street name and are borrowed from mercial banks.are borrowed from mercial banks.D.are typically shares held by the short seller39。A.23.Shares for short transactionsAct as dealers in their own accounts and analyze the securities in which they specialize.E.Analyze the securities in which they specialize.C.A.22.Specialists on stock exchanges perform which of the following functions?35%D.40%B.$$C.A.20.You sold short 300 shares of mon stock at $55 per share. The initial margin is 60%. At what stock price would you receive a margin call if the maintenance margin is 35%?%D.%B.%%D.%B.D.B.$80$50C.A. ignore interest on margin.$7,200.$12,000.C.A.15.You sold short 200 shares of mon stock at $60 per share. The initial margin is 60%. Your initial investment was$7,000E.$4,000C.A.14.Assume you purchased 200 shares of GE mon stock on margin at $70 per share from your broker. If the initial margin is 55%, how much did you borrow from the broker?s missions, dealer39。s bidasked spread.E.broker39。s bidasked spread.C.s missions.B.A.13.The cost of buying and selling a stock consists ofAll of the options are subject to insider trading restrictions.E.corporate directors.C.A.12.Restrictions on trading involving insider information apply to the following exceptIf stock ABC is selling at $50, a limitbuy order may instruct the broker to buy the stock if and when the share price falls below $45.D.A market order is simply an order to buy or sell a stock immediately at the prevailing market price.B.None of the optionsstopbuy order.D.limitsell order.B.None of the optionsmarket order.D.stopbuy order.B.the Federal Reserve System and the New York Stock Exchange.the Federal Reserve System.C.A.8.Initial margin requirements are determined bytransactions on the AMEX and in the OTC market.E.transactions in the OTC market.C.A.7.The secondary market consists offinds the best marketing arrangement for the investment banking firm.D.buys the stock from the pany and resells the issue to the public.B.act as intermediaries between issuers of stocks and investors and act as advisors to panies in helping them analyze their financial needs and find buyers for newly issued securities.act as advisors to panies in helping them analyze their financial needs and find buyers for newly issued securities.C.A.5.Investment bankersSpecialists cannot trade in their own accounts.E.Specialists earn ine from missions and spreads in stock prices.C.A.4.Which of the following statements regarding the specialist are true?to unwary investors.D.in the secondary market.B.in the primary market and usually with the assistance of an investment banker.usually with the assistance of an investment banker.D.in the secondary market.B.in the secondary and primary markets.in the primary market.C.A.1.The trading of stock that was previously issued takes placeChapter 03How Securities Are TradedMultiple Choice Questionsin the secondary market.B.usually with the assistance of an investment banker.D.2.A purchase of a new issue of stock takes placeA.in the primary market.C.in the secondary and primary markets.E.3.Firms raise capital by issuing stockA.in the primary market.C.only on days when the market is up.Specialists maintain a book listing outstanding unexecuted limit orders.B.Specialists stand ready to trade at quoted bid and ask prices.D.Specialists maintain a book listing outstanding unexecuted limit orders, earn ine from missions and spreads in stock prices, and stand ready to trade at quoted bid and ask prices.act as intermediaries between issuers of stocks and investors.B.accept deposits from savers and lend them out to panies.D.6.In a firm mitment, the investment bankerA.agrees to help the firm sell the stock at a favorable price.C.agrees to help the firm sell the stock at a favorable price and finds the best marketing arrangement for the investment banking firm.transactions on the AMEX.B.transactions through the investment banker.D.transactions on the AMEX, through the investment banker, and in the OTC market.the Securities and Exchange Commission.B.the New York Stock Exchange.D.9.You purchased JNJ stock at $50 per share. The stock is currently selling at $65. Your gains may be protected by placing aA.limitbuy order.C.limitsell order.E.10.You sold JCP stock short at $80 per share. Your losses could be minimized by placing aA.limitbuy order.C.dayorder.E.11.Which one of the following statements regarding or