9. A measure of liquidity for a stock market is the turnover ratio; defined as A. the ratio of stock market transactions over a period of time divided by the size, or market capitalization, of the stock market. B. the ratio the size, or market capitalization, of the stock market divided by the value of the stock market transactions over a period of time. C. the ratio of aggregate company sales over a period of time divided by the size, or market capitalization, of the stock market D. none of the above 10. A. B. C. Generally, the higher the turnover ratio, the less liquid the secondary stock market, indicating ease in trading. the more liquid the secondary stock market, indicating ease in trading. the more liquid the primary stock market, indicating ease in trading D. the more efficient the stock market is. Straight fixed-rate bond issues have 11. A. a designated maturity date at which the principal of the bond issue is promised to be repaid. During the life of a percentage of the face value, are paid as interest to the bondholders B. a designated maturity date at which the principal of the bond issue is promised to be repaid. During the life of the bond, coupon payments, which are a percentage of the face value, are computed according to a fixed formula. the bond, fixed coupon payments, which are C. a fixed payment, which amortizes the debt, like a house payment or car payment D. none of the above