1. Securities with maturity less than one year are traded in the ___________ market, while securities with maturity more than one year are traded in the __________ market. The returns of securities traded in ___________ market are more volatile. b. Among treasury bills, stock, and bond, the average return of _______ is the lowest. c. When a publicly traded company sells additional common stocks to raise funds, it is called an ______________ offering, and it is an activity in the ____________ market. d. Existing, already outstanding securities are traded in the ______________ market which main function is to provide __________. e. Googles owners decided to go for Auction IPO instead of traditional IPO because with the traditional IPO processes, investment banks usually set the offer price too ___________, and only allocate shares to __________ investors. f. Co. As IPO has a first day return of 8% while Co. Bs IPO has a first day return of 9%, The IPO of company _____ has a higher level of underpricing. g. An institution that issues its financial claims and then use the proceeds to purchase securities issued by borrowers is called a financial ______________. h. One major difference between exchange traded funds and mutual funds is that _____________ are traded at the end of the day; while ______________ are traded throughout the trading day, like stocks. The market crash on August 14, 2015 exposed a problem of _____________ funds. i. ___________ are cooperative associations whose members are supposed to have a common bond. j. ________________ help clients sell securities to raise funding. k. If a firm sells its holding of securities to raise short-term funding and agree to buy it back within a short period of time, this is called _________________ l. A(n) ____________ is any security whose value is derived from the value of some other underlying assets m. A right to buy or sell an underlying asset sometimes in the future at a price determined to day is called ____________. n. Forward and futures contract perform the same economic function, _________are tailor-made products while ___________are standardized products o. The financial claims that banks sell to savers are ____________. p. The ____________ form of EMH states that current market prices reflect all pertinent information whether publicly available or privately held. q. The ___________ form of Efficiency Market Hypothesis (EMH) states that all information contained in past price movements if fully reflected in current prices. r. The ___________ form of EMH states that current market prices reflect all publicly available information