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Chap007.docx
Chap007.docx
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Chap007.docx-CHAPTER 7 Equity Markets and Stock
Chap007.docx-CHAPTER 7 Equity Markets and Stock
Chap007.docx-CHAPTER 7 Equity Marke...
Chap007.docx-CHAPTER 7 Equity Markets and Stock
Page 10
NYSE
d
48. The largest number of owners of the NYSE are registered as:
a.
floor traders.
b.
specialists.
c.
runners.
d.
commission brokers.
e.
fee brokers.
NYSE
c
49. Many of the smaller orders sent to the floor of the NYSE are:
a.
handled by the floor traders.
b.
executed by the runners.
c.
electronically transmitted to the specialists.
d.
electronically processed by NASDAQ.
e.
traded in the primary market.
NASDAQ
a
50. NASDAQ is a(n):
a.
electronic dealer market.
b.
dealer market with a trading floor.
c.
market based on specialists.
d.
dealer market with a single market maker.
e.
market solely for small firms.
NASDAQ
e
51. The NASDAQ consists of:
a.
one single market trading shares in approximately 4,000 firms.
b.
three separate markets which trade independent of each other.
c.
two separate markets, namely a National Market and an Overseas Market.
d.
two separate markets, a National Market and an ECN.
e.
two separate markets, a National Market and a SmallCap market.
ECNs
c
52. Trading on an ECN is conducted between an investor and:
a.
a dealer.
b.
a broker.
c.
another investor.
d.
a floor trader.
e.
a specialist.
OTCBB
d
53. The Over-the-Counter Bulletin Board (OTCBB):
a.
has listing requirements similar to NASDAQ.
b.
does not require the filing of financial statements with the SEC.
c.
provides research on the stocks it lists.
d.
may quote prices as low as .0001.
e.
provides a market maker so that all listed securities trade daily.
Page 11
III. PROBLEMS
DIVIDEND AMOUNT (BASIC)
b
54. The common stock of Connor, Inc., is selling for $16 a share and has a dividend yield
of 3.5 percent. What is the dividend amount?
a.
$.46
b.
$.56
c.
$.92
d.
$1.84
e.
$2.24
DIVIDEND AMOUNT (BASIC)
d
55. Beets and Cabbage paid an annual dividend of $1.20 per share last year. Management
just announced that future dividends will increase by 2.5 percent annually. What is
the
amount of the expected dividend in year 3?
a.
$1.21
b.
$1.23
c.
$1.26
d.
$1.29
e.
$1.32
ZERO GROWTH STOCK (BASIC)
b
56.
are
Candy and Cookies pays a constant annual dividend of $1.30 per share. How much
you willing to pay for one share if you require a 12 percent rate of return?
a.
$9.23
b.
$10.83
c.
$12.06
d.
$13.50
e.
$15.60
ZERO GROWTH STOCK (BASIC)
a
57. Baker Industries pays a constant annual dividend of $.80 a share and currently sells
for
$12.50 a share. What is the rate of return?
a.
6.40 percent
b.
7.60 percent
c.
8.00 percent
d.
10.00 percent
e.
15.63 percent
ZERO GROWTH STOCK (BASIC)
e
58. One share of Kilo, Inc., stock is selling for $43.60 a share. The company pays a
constant annual dividend and has a rate of return of 8 percent. What is the amount of
Kilo’s dividend?
a.
$1.74
b.
$2.20
c.
$2.67
d.
$3.10
e.
$3.49
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