Chapter3 HW - Chapter 3 1. The computer-linked price...

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Chapter 3 1. The computer-linked price quotation system for the OTC is called __________. A) CRSP B) DAX C) NASDAQ D) the Big Board 2. Purchases of new issues of stock take place __________. A) at the desk of the Fed B) in the primary market C) in the secondary market D) none of the above 3. A prospectus is __________. A) a description of a firm and the security it is issuing B) a privately placed security C) the Latin word for prospector D) none of the above 4. The process of polling potential investors regarding their interest in a forthcoming initial public offering (IPO) is called _________. A) interest building B) book building C) market analysis D) customer identification 5. According to Loughran and Ritter, initial public offerings tend to exhibit __________ performance initially, and __________ performance over the long term. A) bad; good B) bad; bad C) good; good D) good; bad 1
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6. In a __________ underwriting arrangement, the underwriter assumes the full risk that shares cannot be sold to the public at the stipulated offering price. A) best efforts
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This note was uploaded on 02/09/2009 for the course FI 312 taught by Professor Seo during the Spring '09 term at Michigan State University.

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Chapter3 HW - Chapter 3 1. The computer-linked price...

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