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