1A) Which of the following situations is an example of a primary market transaction?

	a.	A portfolio manager with the Peak Advisory Group purchases 10,000 shares of stock. The broker-dealer purchases the shares by placing the buy order through an electronic trading platform which matches to another investment-advisor seller.
	b.	You purchase 100 shares of stock from another investor via the NASDAQ stock market.
	c.	Your firm issues 5,000,000 shares in an initial public offering.
	d.	An individual investor purchases 2,000 ADR shares.

1B) You are considering the purchase of a corporate bond making semi-annual coupon payments. What will the market price be for a $10,000, 6% bond that matures in 10 years and pays semi-annually if the yield to maturity on bonds of similar risk and maturity is 5.4%?

	a.	$9,553.68
	b.	$10,454.43
	c.	$10,458.96
	d.	$10,000.00

1C) You are seeking an investment with the best risk/return profile. Using the coefficient of variance, which security will be selected?

	a.	Stock A (expected return 8.4% and standard deviation 13.8%)
	b.	Stock B (expected return 17.9% and standard deviation 43.4%)
	c.	Stock C (expected return 13.4% and standard deviation 22.3%)
	d.	Stock D (expected return 14.1% and standard deviation 21.3%)