?The person who makes a market in a stock traded on the NYSE is called a broker.
Answer the following statement true (T) or false (F)
False
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Shaggy agreed to buy Fred's golf clubs by sending him a letter in the mail accepting Fred's offer. Shaggy did not have any knowledge of Fred revoking his offer before he accepted the offer. Based on these facts, Shaggy's acceptance took effect upon ___________ under the mail-box rule.
a. dispatch b. receipt c. rejection d. revocation
Albert, a first-time investor in the stock market, has limited knowledge in trading in the stock market. He thus needs someone to guide him while buying and selling shares. He also needs assistance in financial planning and identifying good investment opportunities. In this scenario, Albert should hire a(n) _____.
A. full-service broker B. preferred stockholder C. securities dealer D. investment banker
Debit & Credit Financing, Inc, and Equity Lending Company are secured parties with security interests in property owned by Fleet Shipping Corporation. Priority between these security interests is generally determined by
a. the amount of the claim. b. the custom in the trade. c. the time of perfection or attachment. d. the "float" of the liens.
The purchasers in a buyout often obtain financial and strategic assistance from a _ who, as a sponsor, usually finances the transaction with equity contributed by a number of investors and debt borrowed from several sources
a. buyout specialist. b. LBO intermediary c. finance company d. venture capital firm