51. Minimum margin requirements that brokers must observe are set by the a. brokerage firm. b. corporation issuing stock. c. Securities and Exchange Commission. d. Securities Investor Protection Corporation. e. Federal Reserve System. 52. One of the best sources of financial market and individual security price data that appears on a weekly basis is a. Barrons. b. Forbes. c. Fortune. d. U.S. News & World Report. e. Wall Street Journal. 53. The ____ Index reflects the total market value of over 98% of all publicly traded stock in the US. a. Dow Jones Industrial Average b. S & P 500 c. Nasdaq d. Wilshire 5000 e. New York Stock Exchange 54. How much would it cost to purchase a round lot (the smallest number you can get and still be a round lot) of Stock A at the closing price for the day? YTD 52 weeks Yld Vol Net % CHG Hi Lo Stock Div % P/E 100s Last Chg + 9.6 29.60 22 A .60 3 12 790 19.50 +0.13 - 3.8 17.33 15 B 1.20 8.6 10 510 13.25 +0.25 +1.7 32 17 C -- -- 15 465 24.70 +0.38 a. $ 790 b. $ 1,950 c. $ 2,960 d. $19,500 e. $29,600 ____ 55. Which of these stocks has a closing price has a price earnings multiple of 10? YTD 52 weeks Yld Vol Net % CHG Hi Lo Stock Div % P/E 100s Last Chg + 9.6 29.60 22 A .60 3 12 790 19.50 +0.13 - 3.8 17.33 15 B 1.20 8.6 10 510 13.25 +0.25 +1.7 32 17 C -- -- 15 465 24.70 +0.38 a. A b. B c. C d. B and C e. Not enough information ____ 56. How many shares of Stock A traded on this day? YTD 52 weeks Yld Vol Net % CHG Hi Lo Stock Div % P/E 100s Last Chg + 9.6 29.60 22 A .60 3 12 790 19.50 +0.13 - 3.8 17.33 15 B 1.20 8.6 10 510 13.25 +0.25 +1.7 32 17 C -- -- 15 465 24.70 +0.38 a. 2,000 b. 79,000 c. 51,000 d. 10,000 e. 12,000 ____ 57. A long term investment strategy includes all of the following except a. stock and bond selection. b. diversification. c. immediate financial needs to pay current bills. d. risk-return behavior. e. investor education. ____ 58. The major mistake(s) people make in retirement planning is(are) a. starting too late. b. saving too little. c. investing too conservatively. d. a and b e. a, b, and c ____ 59. Funds to finance social security come from a. voluntary contributions from employee, employer, and self-employed. b. compulsory contributions from employee, employer, and self-employed. c. state and federal income tax. d. compulsory contributions from government, employee, and employer. e. Congressional appropriations. ____ 60. Dr. Franklin is an Assistant Professor at Northern University. If his salary is $75,000, how much will he pay in Social Security taxes? a. $ 3,450 b. $ 4,475 c. $ 5,738 d. $ 9,450 e. $11,475