When a corporation issues shares to the public for the first time, this is done on the market.

a$)$ Secondary

b$)$ Initial

c$)$ Primary

d$)$ Seasoned

Which type of index is impacted more by a $5\%$ change in a high$-$priced stock as opposed to the same $5\%$ change in a low$-$priced stock?

a$)$ Value weighted

b$)$ Price weighted

c$)$ Market capitalization weighted

d$)$ Unweighted index

is when a firm purchases the entire issue at a set price, to later sell it off in the public market.

a$)$ Underwriting

b$)$ Competitive bidding

c$)$ Private placement

d$)$ Seasoned issue