22. A specialist on the New York Stock Exchange A) Is not allowed to make any profits B) Helps investors make as much money as possible C) Is obligated to buy and sell the stocks in which he specializes in order to maintain orderly market conditions. D) Can borrow funds from shareholders E) None of the above 23. The price a dealer is willing to pay for a security held by an investor is called the: A) Equilibrium price. B) Ask price. C) Bid price. D) Bid-ask spread E) Auction price 24. Suppose you own 250 shares of Biogen common stock. Four directors are to be elected. Since the firm uses cumulative voting, you can cast as many as votes for a single director A) 125 B) 250 C) 500 D) 1,000 E) 2,000