Exam 4: Securities Markets and Market Indexes

For a given percentage change in price,which of the following stocks would have the greatest impact on the Dow Jones Industrial Average (DJIA)?The stock with the:

A computerized trading network that matches buy and sell orders electronically entered by customers is a(n):

BATS is a(n):

Global Stock Index is a value-weighted index with just 2 stocks in the index: ABC stock and XYZ stock. ABC ended 2015 at a price of $55 and had 1 million shares outstanding. XYZ stock ended 2015 at a price of $32 and had 4 million shares outstanding. ABC ended 2016 at a price of $29 (after a 2-for-1 split). XYZ stock closed at $35 for 2016.Calculate the new value of the index.

Automatic shelf registration refers to the practice of allowing seasoned issuers to file registration statements with the SEC that become effective immediately upon:

An NYSE market maker awaits news of a merger involving one of the stocksin which she makes a market.Why does she set the bid-ask spread higher?

What is the Nasdaq National Market System?

What is Instinet and what does it offer for investors?

What factors does the NYSE consider important in determining if a company should be listed on the exchange?

NASDAQ listed stocks tend to be concentrated in the:

The S&P 500 comprises approximately ___ percent of the market capitalization of all U.S.publicly traded companies.

The difference between the bid and the ask price is known as the:

The NASDAQ 100 Composite Index is a value-weighted index.

All OTC stocks are included in the NASDAQ.

The NYSE is now part of a:

The DJIA adjusts for stock splits by adjusting the market value of included stocks.

A market capitalization-weighted index obtains the current market value of each stock by:

The DJIA is a _______-weighted index.

A criticism of the Dow Jones Industrial Average (DJIA)is that:

In a firm commitment underwriting arrangement,the risk of placing the security is typically assumed by the: