1. The difference between the price at which a dealer is willing to buy and the price at which a dealer is willing to sell is called the: A) Market spread B) Bid-Ask spread C) Bid-Ask gap D) Market variation E) None of the above 2. The first sale of stock by a formerly private company is: A) Private Placement B) Initial Public Offering C) Shelf registration D) Prospectus E) None of the above 3. The order to buy a stock when its price rises above a limit is known as: A) Stop loss order B) Stop buy order C) Limit buy order D) Limit sell order E) None of the above 4. With regards to the maintenance margin: * A) If the value of the stock is no longer sufficient collateral to cover the loan from the broker, the broker sets a maintenance margin. B) It is how far the stock price can fall before the investor receives a margin call in order to add new cash into his account. C) If the percentage margin falls below the maintenance level, the broker will issue a margin call, which requires the investor to add new cash or securities to the account D) All of the above. E) None of the above