8a) When you are buying shares of an exchange-traded fund (ETF) you purchase your shares at which price?

a) Bid Price

b) Ask Price

c) Average between Bid and Ask price

d) NAV

e) More information is needed to answer this question

8b) Which of the following gives the holder the right to sell the asset at a specified strike price?

a) A put

b) A call

c) A futures contract

d) An ETF

e) A preferred stock

8c) Which of the following is NOT a security sold in the capital markets?

a) Municipal Bonds

b) Common Stock

c) Preferred Stock

d) Treasury Bill

e) Both A & D are correct