36. Zack decides to purchase 500 shares of TKO for 38.75 a share. The stock then quickly rises to $55.00 per share. Zack immediately puts in a market order for his 500 shares when the price is $55 per share and gets execution for all 500 shares at $54.50 per share. A) What is his profit in TOTAL DOLLARS? B) What is his return (percentage) on his investment? 37. The financing provided for new ventures that are frequently high-risk investments is referred to as "venture A. capital B. leverage C. risk funds D. funding E. investing 38. When a group of underwriters jointly work together to sell a new issue of securities, the underwriters form a(n): A underwriting cartel B. market union C. venture capital association D. Dutch market. E. syndicate. 39. A preliminary document provided to investors who are interested in a stock offering is called a(n): A. prospectus. B. inquiry form. C. draft offer D. green shoe. Ered herring 40. Which one of the following best describes a broker? A. intermediary who arranges trades between a buyer and a seller trader who buys and sells from his or her inventory C. firm which charges a commission for arranging a transaction D. person who buys securities for his or her own account on an exchange floor E.trader who transacts business on behalf of a securities issuer