1. Delta Corp. is a large US-based firm that trades on the NYSE. Suppose that a mutual fund purchased shares of Delta by using a market maker that's unaffiliated with the NYSE. This transaction would be classified as which of the following?
Primary market transaction
Money market transaction
Third market transaction
Fourth market transaction
None of the above
2. On 3/1, you place a limit buy order for two round lots Tango stock with a limit price of $25, which expires at the end of the day. At the time you created your order, Tango traded at $25.50. Over the course of the day, Tango traded between $24-$26. Which of the following could have occurred in this situation?
You purchased 200 shares of Tango for $26/share.
You purchased 200 shares of Tango for $25.50/share.
You purchased 200 shares of Tango for $26/share.
None of the above.
3. Dealer markets facilitate trading by bringing buyers and sellers together directly to exchange cash for shares on an organized exchange.
True False
4. Each year, every company listed on a US exchange or over-the-counter market must file a form 10-K, which summarizes the company's financial performance.
True False