market.

e$.$ The two problems of the conventional IPO processes are: i$)$ investment banks only allocate shares to investors; ii$)$ IPOs are usually priced too

f$.$ Co$.$ A$\text{'}$s IPO has a first day return of $15\%$ while Co$.$ B$\text{'}$s IPO has a first day return of $8\%,$ The IPO of company is more underpriced than that of Company

g$.$ An institution that issues its financial claims and then use the proceeds to purchase securities issued by borrowers is called a financia ${?}^1$

h$.$ The financial claims that banks sell to savers are

i$.$ One major difference between exchange traded funds and mutual funds is that of the day; while are traded throughout the trading day, like stocks at the end market crash on August $14,2015$ exposed a problem of funds.

j$.$ A REIT that buys, owns, and manages properties is called REIT.A REIT that invests in mortgage loans and mortgage securities is called $?$EIT.

k$.$ If you buy stocks from a dealer, you pay the to a dealer, you receive the price. The price. If you sell stocks than the price price must be less

are cooperative associations whose members are supposed to have a common bond.

m$.$ A$($n$)$ is any security whose value is derived from the value of some other 'underlying assets'

n$.$ Forward and futures contract perform the same economic function, products, are standardized products, while are tailor$-$made

o$.$ A right to buy or sell an underlying asset sometimes in the future at a price determined to day is called