true or false

2. When an investor receives a margin call they must bring the level of funds in the margin account up to the initial margin requirement

3.In a limit order book, the best bid and the best offer are considered at the market

4. The Tick Size Pilot program successfully demonstrated that a larger tick size would increase liquidity in small capitalization stocks by compensating providers of liquidity

5. The short seller gets to keep the dividends from the stock they sold short

6. The Fed currently sets the minimum initial margin at 50%, but the brokerage firms can have stricter requirements

7. Corporate bonds of companies with lots of debt but very low earnings tend to be rated AAA

8. An investor is required to have a margin account in order to execute a short sale

9. Retail clients usually receive a short-interest rebate for lending out their stock

10. Every trade that occurred from 2:33pm to 2:45pm during the May 2010 Flash Crash was cancelled by the stock exchanges

11. Under the Maker-Taker model, if the Taker Fee was $0.003 per share and the Maker Rebate was $0.001 per share, the exchange profit would be $0.001 per share

12. Ten years after issuance, the average cumulative default rate on High Yield Corporate Bonds is extremely high relative to Investment Grade Corporate Bonds

13. Due to the standardization of the corporate bond market, most very large corporate bond trades are done by customers interacting directly with each other through an electronic trading platform