only shareholder who will vote for you you will noed to own more than half of the outstanding shares of stock if you are to be elected to the board. What is the type of voting called that requires this level of stock ownership to be successfully elected? A) Democratic B) Cumulative C) Straight D) Deferred E) Proxy 18) What are the distributions of either cash or stock to shareholders by a corporation called? A) Coupon payments B) Retained earnings C) Dividends D) Capital payments E) Diluted profits 19) The secondary market is best defined as the market: A) In which subordinated shares are issued and resold. B) Conducted solely by brokers C) Dominated by dealers. D) Where outstanding shares of stock are resold. E) Where warrants are offered and sold. 20) An agent who maintains an inventory from which he or she buys and sells securities is called a: A) Broker. B) Trader C) capitalist D) Principal. E) Dealer 21) An agent who arranges a transaction between a buyer and a seller of equity securities is called a A) Broker B) Floor trader C) capitalist D) Principal. E) Dealer 22) The owner of a trading license for the NYSE is called a