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1. Briefly describe the underwriting process. 2. What is auction market? Give an example of auction market. 3. What is market order? What is limit

1. Briefly describe the underwriting process.

2. What is auction market? Give an example of auction market.

3. What is market order? What is limit order?

Market Order:

Limit Order:

4. What are margin, initial margin requirement, and margin call?

Margin:

Initial margin requirement:

Margin call:

5. What is short-sale?

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