Take Test: Unit 6 CA: Stocks 16SP_FIN_3310_ONH01

Preferred stock has a higher-priority claim on the firms assets than the common stock. (CSLO 4)

True

False

Take Test: Unit 6 CA: Stocks 16SP_FIN_3310_ONH01

Which of the following statements is NOT true about auction markets? (CSLO 4)

	A.	In an auction market, buyers and sellers confront each other directly and bargain over price.
	B.	The participants can only communicate orally in auction markets.
	C.	The New York Stock Exchange is the best-known example of an auction market.
	D.	The auctioneer in an auction market is the specialist, who is designated by the exchange to represent orders placed by public customers.