28) Shares in an initial Public Offering are sold in (a) the money market (b) the primary market (c) the secondary market (d) the shares in an IPO are only sold privately, never publicly (e) none of the above 29) You bought 400 shares of Chihiro Inc. stock on margin. The price was $20/share and out of your own pocket you paid the broker 54,400. The initial margin requirement was (a) 0% (b) 45% (c) 50% (d) 55% (e) 100% 30) Municipal bonds in the U.S. differ from other bonds in that (a) they are more risky (b) they are safer (c) they cannot be purchased by individuals, only institutions (d) the interest they provide is generally exempt from federal income taxes (e) none of the above 31) A prospectus (a) gives you the odds that you will make a profit if you buy the security (b) for common stock, contains at least 10 stock analyst recommendations to buy the stock (C) provides financial and other information about a company issuing securities (d) all of the above (e) none of the above 32) The Russell 2000 (a) is a popular index of investment grade bond prices (b) is an index of the stock prices of the 2000 largest U.S. corporations (c) is an index of the stock prices of the 2000 largest non-U.S. corporations (d) is an index of the stock prices of 2000 small/medium size U.S. corporations (e) none of the above