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PracticeQ - 2039SASDE_2007 Student 1 The primary market...

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2039SASDE_2007 Student: ___________________________________________________________________________ 1. The primary market refers to: A. the original sale of securities by the issuer. B. transactions between two institutional shareholders. C. the sale of securities by an individual shareholder. D. the first trade of a firm's securities when the financial markets open in the morning. E. all transactions on the NYSE. 2. A securities market with a physical location that is designed to match buyers with sellers is called a(n) __________ market. 3. When a company qualifies to have its securities traded on a particular exchange the stock of that company is said to be __________ with the exchange. 4. Which one of the following situations is most apt to create an agency problem?
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5. The marginal tax rate is defined as the: A. total tax paid divided by the total taxable income. B. tax rate applied to the first dollar of taxable income. C. highest tax rate listed on the latest tax table. D. mean of all tax rates applicable to an individual. E. amount of tax payable on the next taxable dollar earned. 6. Free cash flow is another term for the: 7. Financial leverage: 8. Which one of the following is the correct formula for the future value of a lump sum invested today?
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