金融市场学双语题库及答案第十三章米什金《金融市场与机构》.docx

Financia1MarketsandInstitutions,8e(Mishkin)Chapter13TheStockMarket13.1Mu1tip1eChoice1)(I)Ashareofcommonstockinafirmrepresentsanownershipinterestinthatfirm.(II)Ashareofpreferredstockisasmuch1ikeabondasitis1ikecommonstock.A) (I)istrue,(II)fa1se.B) (I)isfa1se,(I1)true.C) Botharetrue.D) Botharefa1se.Answer:CTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition2) Preferredstockho1dersho1dac1aimonassetsthathaspriorityoverthec1aimsofA) bothcommonstockho1dersandbondho1ders.B) neithercommonstockho1dersnorbondho1ders.C) commonstockho1ders,butafterthatofbondho1ders.D) bondho1ders,butafterthatofcommonstockho1ders.Answer:CTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition3) (I)Preferredstockho1dersho1dac1aimonassetsthathaspriorityoverthec1aimsofcommonstockho1ders,butafterthatofbondho1ders.(II)Firmsissuepreferredstockinfargreateramountsthancommonstock.A) (I)istrue,(II)fa1se.B) (I)isfa1se,(II)true.C) Botharetrue.D) Botharefa1se.Answer:ATopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition4)(I)Preferredstockho1dersho1dac1aimonassetsthathaspriorityoverthec1aimsofcommonstockho1ders.(I1)Bondho1dersho1dac1aimonassetsthathaspriorityoverthec1aimsofpreferredstockho1ders.A) (I)istrue,(II)fa1se.B) (I)isfa1se,(II)true.C) Botharetrue.D) Botharefa1se.Answer:CTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition5)(I)Firmsissuecommonstockinfargreateramountsthanpreferredstock.(II)Inagivenyear,thetota1vo1umeofstockissuedismuch1essthanthevo1umeofbondsissued.A) (I)istrue,(II)fa1se.B) (I)isfa1se,(I1)true.C) Botharetrue.D) Botharefa1se.Answer:CTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition6) Theriskiestcapita1marketsecurityisA) preferredstock.B) commonstock.C) corporatebonds.D) Treasurybonds.Answer:BTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition7) (I)The1argestoftheorganizedstockexchangesintheUnitedStatesistheNewYorkStockExchange.(II)Tobe1istedontheNYSE,afirmmusthaveaminimumof$100mi11ioninmarketva1ueor$10mi11ioninrevenues.A) (I)istrue,(II)fa1se.B) (I)isfa1se,(I1)true.C) Botharetrue.D) Botharefa1se.Answer:ATopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition8) To1istontheNYSE,afirmmustA) haveearningsofat1east$10mi11ionperyear.B) haveat1east$500mi11ioninoutstandingdebt.C) haveatota1of$100mi11ioninmarketva1ue.D) meeta11oftheaboverequirements.E) meetAandCoftheaboverequirements.Answer:ETopic:Chapter13.1InvestinginStocksQuestionStatus:UpdatedfromPreviousEdition9) Securitiesnot1istedononeoftheexchangestradeintheover-the-countermarket.Inthisexchange,dea1ersnmakeamarket"byA) buyingstocksforinventorywheninvestorswanttose11.B) se11ingstocksfrominventorywheninvestorswanttobuy.C) doingbothoftheabove.D) doingneitheroftheabove.Answer:CTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition10) Themostactivestockexchangeinthewor1distheA) NikkeiStockExchange.B) 1ondonStockExchange.C) ShanghaiStockExchange.D) NewYorkStockExchange.Answer:ATopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition11) Whichofthefo11owingstatementsabouttradingoperationsinanorganizedexchangeiscorrect?A) F1oortradersa11dea1inawidevarietyofstocks.B) Inmosttrades,specia1istsmatchbuyandse11orders.C) Inmosttrades,specia1istsbuyfororse11fromtheirowninventories.D) TheSuperDOTsystemisusedtoexpedite1argetradesofover100,000shares.Answer:BTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition12) Whichofthefo11owingisnotanadvantageOfEIectronicCommunicationsNetworks(ECNs)?A) A11unfi11edordersareavai1ab1eforreviewbyECNtraders.B) Transactionscostsare1owerforECNtrades.C) Tradesaremadeandconfirmedfaster.D) ECNsworkwe11forthin1ytradedstocks.Answer:DTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition13) Whichofthefo11owingstatementsisfa1seregardingE1ectronicCommunicationsNetworks(ECNs)?A) Archipe1agoandInstinetaretwoexamp1esofECNs.B) CompetitionfromECNshasforcedNASDAQtocutitsfees.C) Tradersbenefitfrom1owertradingcostsandfasterservice.D) ECNsa11owinstitutiona1investors,butnotindividua1s,totradeafterhours.Answer:DTopic:Chapter13.1InvestinginStocksQuestionStatus:PreviousEdition14) Abasicprincip1eoffinanceisthattheva1ueofanyinvestmentisA) thepresentva1ueofa11futurenetcashf1owsgeneratedbytheinvestment.B) theundiscountedsumofa11futurenetcashf1owsgeneratedbytheinvestment.C) unre1atedtothefuturenetcashf1owsgeneratedbytheinvestment.D) unre1atedtothedegreeofriskassociatedwiththefuturenetcashf1owsgeneratedbytheinvestment.Answer:ATopic:Chapter13.2ComputingthePriceofCommonStockQuestionStatus:PreviousEdition15) Astockcurrent1yse11sfor$25pershareandpays$0.24peryearindividends.Whatisaninvestor'sva1uationofthisstockifsheexpectsittobese11ingfor$30inoneyearandrequiresa15percentreturnonequityinvestments?A) $30.24B) $26.30C) $26.09D) $27.74Answer