When acting as a principal, the securities firm owns securities as part of its own inventory at
some stage in its buying and selling transactions with investors. The difference between buying
and selling prices is the dealers gross profit or los
Microeconomics - analyzes the market behavior of individual consumers and firms, how prices
are determined, and how prices determine the production, distribution, and use of goods and
services. For example, consumers decide how much of various g
1. What is an important consideration for an investor who is evaluating the attractiveness of a convertible preferred
The amount of the conversion premium.
The duration of the retraction privilege.
The proximity of the call date.
Which of the following is a difference between the auction and dealer markets?
Prices are publicly visible in the auction market but not in
the dealer market.
Prices are publicly
Retail investors - are individual investors who buy and sell securities for their own personal
accounts, and not for another company or organization.
Institutional investors - are organizations, such as a pension fund or mutual fund company, tha
Office of the Superintendent of Financial Institutions (OSFI) - is a regulatory body for all
federally regulated financial institutions. OSFI is responsible for regulating and supervising:
152 deposit-taking institutions including banks, trust
1.At the start of the year, ABC Co. had a retained earnings balance of $4,200,000. At year end, the
company reported $850,000 in net earnings and $250,000 in common dividends paid. What is the
balance in the retained earnings account at year end?