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24) What is a secondary market? a) Alibaba IPO b) Primary market c) Citigroup USD bond d) Existing shares traded amongst investors e) London Stock Exchange

24) What is a secondary market? a) Alibaba IPO b) Primary market c) Citigroup USD bond d) Existing shares traded amongst investors e) London Stock Exchange

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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### Financial Markets and Instruments Quiz #### 24. What is a secondary market? a) Alibaba IPO b) Primary market c) Citigroup USD bond d) Existing shares traded amongst investors e) London Stock Exchange #### 25. What is a market dealer do? a) Broker b) Acts on behalf of customers c) Manages NASDAQ d) Buys and sells for its own account e) Only provides bid pricing #### 26. What is a junk bond? a) Russian debt b) Rated below BBB c) Below investment grade d) Puerto Rico Municipal debt e) All of the above #### 27. What is an example of an interest only (I/O) security? a) Corporate bond b) Mortgage c) Treasury bill d) Effective interest rate e) Amortizing security #### 28. Which is a financial leverage ratio? a) Current ratio b) Profit margin c) Price to book value d) Debt to equity e) Inventory turnover #### 29. A company has a 2021 profit before tax of $10,000,000, a tax rate of 20%, and debt due in 2027 of $19,000,000. Its depreciation and amortization for 2021 aggregates $3,000,000. What is its approximate cash flow in 2021? a) $11,000,000 b) $10,000,000 c) $29,000,000 d) $2,000,000 e) $3,000,000 --- For students and educators: This quiz covers key concepts regarding financial markets, instruments, and ratios. Understanding these elements is crucial for anyone pursuing a career in finance or investments. Each question is designed to test your knowledge and comprehension of financial principles and market operations. Please review each question carefully and choose the best answer based on your understanding and study of financial systems.
Transcribed Image Text:### Financial Markets and Instruments Quiz #### 24. What is a secondary market? a) Alibaba IPO b) Primary market c) Citigroup USD bond d) Existing shares traded amongst investors e) London Stock Exchange #### 25. What is a market dealer do? a) Broker b) Acts on behalf of customers c) Manages NASDAQ d) Buys and sells for its own account e) Only provides bid pricing #### 26. What is a junk bond? a) Russian debt b) Rated below BBB c) Below investment grade d) Puerto Rico Municipal debt e) All of the above #### 27. What is an example of an interest only (I/O) security? a) Corporate bond b) Mortgage c) Treasury bill d) Effective interest rate e) Amortizing security #### 28. Which is a financial leverage ratio? a) Current ratio b) Profit margin c) Price to book value d) Debt to equity e) Inventory turnover #### 29. A company has a 2021 profit before tax of $10,000,000, a tax rate of 20%, and debt due in 2027 of $19,000,000. Its depreciation and amortization for 2021 aggregates $3,000,000. What is its approximate cash flow in 2021? a) $11,000,000 b) $10,000,000 c) $29,000,000 d) $2,000,000 e) $3,000,000 --- For students and educators: This quiz covers key concepts regarding financial markets, instruments, and ratios. Understanding these elements is crucial for anyone pursuing a career in finance or investments. Each question is designed to test your knowledge and comprehension of financial principles and market operations. Please review each question carefully and choose the best answer based on your understanding and study of financial systems.
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