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10. You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but

10. You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 100% sure. Placing a ___________ may protect your current gains of $30 while at the same time keeping the opportunity open for future upward potential.

  1. limit-buy order
  2. limit-sell order
  3. stop-buy order
  4. stop-loss order

  1. The NYSE is an example of ________ and NASDAQ is an example of ______
    1. a dealer market ; an auction market
    2. a specialist market; a dealer market
    3. a brokered market; a dealer market
    4. a direct search market; a brokered market

  1. The money market is the market where:
    1. Only equity securities are traded.
    2. Debt securities with maturities of longer than a year are traded.
    3. Where treasury debt securities are traded.
    4. Securities of maturities up to one year are traded.

15. Which of the following is NOT a problem associated with the Bank Discount Yield that prevents it from being useful as an accurate measure of investment returns?

A. Simple interest

B. 360-day year

C. Initial investment amount in the denominator

D. Par value in the denominator

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