(7.7) The time; the is the market in which new securities are sold to investors for the first is the market in which previously issued securities are traded among maintains an inventory of securities and stands ready to buy and sell at _ is an agent who arranges security transactions among investors. investors. A any time. A (7.8) The rate of return for a share of stock has two components: the dividend yield and the capital gains yield. The former equals__(equation) _and the latter is the rate at which the value of an investment grows. The capital gains yield equals the __for constant growth stock, because the rate at which the price of a constant growth stock increases equals (7.9) is a computer network of securities dealers and others that disseminates timely security price quotes to computer screens worldwide. Unlike the NYSE system, NASDAQ features for actively traded stocks. In the late 1990s, the NASDAQ system was opened to so-called (7.10) using either control the corporation through the right to elect the directors. Directors are elected voting or voting