This questions are true or false

Securities are financial assets with no explicit value of their own.

2The lead or originating underwriter for a securities offering may assemble a selling syndicate as well as an underwriting syndicate for all offerings except all or nothing underwritings which require underwriting syndicates only.

3f Edna Stanley earns 9.60% compounded monthly on her savings account, her actual effective rate of interest is 9.60%

4The marketability characteristic of an asset refers to the speed with which the asset can be converted into cash without loss of value.

5Elmer Stanleys portfolio is comprised of the following stocks. What is his expected portfolio return?

6Common stock dividends cannot be paid by firms with net losses as shown on the firms income (or profit and loss) statement.