2.  a) Many assets trade in more than one type of market. What types of markets do the following        trade in?

2. Used Cars
4. Paintings
6. Rare Coins

              b) How do security dealers earn their profits?

               c) Consider a fund with US$100 Million in assets at the start of the year and with 10 Million Shares outstanding. The fund invests in a Portfolio of Stocks that provides no income but     increases in value by 10%. The expense Ratio, including 12b- 1 fees, is 1%. What is the Rate of Return for an investor in the fund? 

              d) Identify the factors, in addition to supply and demand relationships, that determine market   interest rates .