Finance
Which one of the following is a general characteristic of a securities broker?
Trades listed securities in an auction market
Lycan, Inc., has 6 percent coupon bonds on the market that have 9 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8 percent, what is the current bond price?
$875.06
Which one of the following parties can sell shares of ABC stock in the primary market?
ABC Company
Which one of the following statements related to securities dealers is correct?
Dealers buy and sell from their own inventory
Valerie bought 200 shares of Able stock today. Able stock has been trading for some time on the NYSE. Valerie's purchase occurred in which market?
Secondary market
Which one of the following transactions occurred in the primary market?
South Wind Products sold 1,000 shares of newly issued stock to Mike