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QUESTION 6 Direct search markets are characterized by a.complete price information b. extensive broker and dealer participation c. private placement transactions and sale of common

QUESTION 6

Direct search markets are characterized by

a.complete price information
b.

extensive broker and dealer participation
c.

private placement transactions and sale of common stock of small private companies
d.

a high level of efficiency

QUESTION 7

Which of the following statements is true about growth stocks?

a.

These are stocks of firms that grow their sales at above-average rates and are expected to do so for a length of time
b.

These are stocks of firms that grow their earnings at above-average rates and are expected to do so for a length of time
c.

They generally pay dividends during their fast growth phase
d.

None of the above

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