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11. sammy instructs his stockbroker to purchase 100 unit of sasa company common stock. This transaction occurs in the ________. a. secondary market b. primary

11. sammy instructs his stockbroker to purchase 100 unit of sasa company common stock. This transaction occurs in the ________. a. secondary market b. primary market c. futures market d. credit market 12.Common stockholders have the right to vote on which of the following? a. All of the above. b. Dissolution or consolidation of the corporation. c. Amendments to the corporate charter or bylaws. d. Selection of the board of directors. 13. Common stockholders have which of the following right? a. All of the Above b. They can vote for the preferred shareholders cash dividend. c. They can legally demand information from a corporation in which they are a shareholder and thus gain access to its book. d. They can vote for the common shareholders cash dividend. 14. Determine the present value of $8500 compounded annually for 10 years at 15 percent. a. $2,034.83 b. $2,101.07 c. $34,387.24 d. $12,750.00 15. Determine the future value of $8,000 compounded annually for 15 years at 14 percent. a. $57,103.50 b. $56,455.00 c. $61,000.25 d. $59,200.41

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