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NEW QUESTION: 1
A. Option C
B. Option A
C. Option E
D. Option D
E. Option B
Answer: B,E
NEW QUESTION: 2
Drag the GRE tunnel state from the left onto its corresponding scenario on the right.
Answer:
Explanation:
NEW QUESTION: 3
Noah Mete is interested in selling his shares of the Lambchops Corporation, which trades
over-the-counter. The market maker with the best bid price--$3.15--is Veggie Investments. The market
maker with the best ask price--$3.27-is Carnivor Investments. Noah conducts trades in NYSE-listed
stocks through his broker, Omnivor and Associates. Given this scenario, which of the following
statements is true?
A. Noah can sell his shares of Lambchops Corporation at the ask price of $3.27 by contacting Carnivor
Investments directly.
B. Noah can sell his shares of Lambchops Corporation at the bid price of $3.15 by contacting Veggie
Investments directly.
C. Noah can sell his shares of Lambchops Corporation at the ask price of $3.27 by contacting Omnivor
and Associates.
D. Noah can sell his shares of Lambchops Corporation at the bid price of $3.15 by contacting Omnivor
and Associates.
Answer: D
Explanation:
Noah can sell his shares of Lambchops Corporation for $3.15 from the market maker with
the best bid price, Veggie, by contacting his broker, Omnivor and Associates, which will execute the
transaction. The bid price is the price at which market makers in the over-the-counter market are willing to
buy the stock, and over-the-counter transactions, like NYSE transactions, are executed by brokers.
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