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1.A customer previously entered an open order to buy 500 shares of XYZ at $40 that was accepted by a brokerage firm. If XYZ announced

1.A customer previously entered an open order to buy 500 shares of XYZ at $40 that was accepted by a brokerage firm. If XYZ announced a 10% stock dividend, how will the order be adjusted on the ex-dividend date?

The order would be canceled

500 shares of XYZ at $40

500 shares of XYZ at $36.36

550 shares of XYZ at $36.36

2.

  1. The consolidated Tape shows all of the following except

    Preferred stocks

    Common stocks

    Bonds

    Warrants

  2. Which NASDAQ OMX PHLX access level includes all firm quotes entered by all market makers?

    Level III

    Level IV

    Level I

    Level II

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