金融市场与机构.doc

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1、Chapter11TheStockMarketnMultipleChoiceQuestions1.(I)Ashareofcommonstockinafirmrepresentsanownershipinterestinthatfirm.(II)Ashareofpreferredstockisasmuchlikeabondasitislikecommonstock.(a)(I)istrue,(II)false.(b)(I)isfalse,(II)true.(c)Botharetrue.(d)Botharefalse.Answer:C2.Pref

2、erredstockholdersholdaclaimonassetsthathaspriorityovertheclaimsof(a)bothcommonstockholdersandbondholders.(b)neithercommonstockholdersnorbondholders.(c)commonstockholders,butafterthatofbondholders.(d)bondholders,butafterthatofcommonstockholders.Answer:C3.(I)Preferredstockhol

3、dersholdaclaimonassetsthathaspriorityovertheclaimsofcommonstockholders,butafterthatofbondholders.(II)Firmsissuepreferredstockinfargreateramountsthancommonstock.(a)(I)istrue,(II)false.(b)(I)isfalse,(II)true.(c)Botharetrue.(d)Botharefalse.Answer:A4.(I)Preferredstockholdershol

4、daclaimonassetsthathaspriorityovertheclaimsofcommonstockholders.(II)Bondholdersholdaclaimonassetsthathaspriorityovertheclaimsofpreferredstockholders.(a)(I)istrue,(II)false.(b)(I)isfalse,(II)true.(c)Botharetrue.(d)Botharefalse.Answer:C5.(I)Firmsissuecommonstockinfargreateram

5、ountsthanpreferredstock.(II)Thetotalvolumeofstockissuedismuchlessthanthevolumeofbondsissued.(a)(I)istrue,(II)false.(b)(I)isfalse,(II)true.(c)Botharetrue.(d)Botharefalse.Answer:C6.Theriskiestcapitalmarketsecurityis(a)preferredstock.(b)commonstock.(c)corporatebonds.(d)Treasur

6、ybonds.Answer:B7.Organizedexchangesaccountforabout_________percentofthetotaldollarvolumeofdomesticstocksharestraded.(a)30(b)45(c)60(d)70Answer:D8.Organizedexchangesaccountforabout_________percentofthetotaldollarvolumeofdomesticstockstraded.(a)60(b)70(c)80(d)90Answer:B9.(I)T

7、helargestoftheorganizedstockexchangesintheUnitedStatesistheNewYorkStockExchange.(II)TobelistedontheNYSE,afirmmusthaveaminimumof$100milliondollarsinmarketvalueor$10millioninrevenues.(a)(I)istrue,(II)false.(b)(I)isfalse,(II)true.(c)Botharetrue.(d)Botharefalse.Answer:A10.Tolis

8、tontheNYSE,afirmmust(a)haveearningsofatleast$100millionforeachofthelastthreeyears.