Which of the following characteristics accurately describes the stock market? An active market that determines the price of a firm's shares A fixed-income market where participants buy and sell debt securities In a dealer market, some dealers hold a certain inventory of specific securities and create a liquid market by purchasing and selling their inventories. These dealers make a market and are thus called market makers. Agents in the market bring investors to the dealers through a network of terminals and electronic systems. Where do dealer profits come from in a dealer market? The bid-ask spread Interest charges Dividend payments Cole, a trader, wants to buy 1, 000 shares of XYZ stock, while a second trader, Abigail, is willing to sell 1, 500 shares of the same stock. Unfortunately, Cole and Abigail don't know one another, and must complete their transactions using the stock exchange's market-making dealer. XYZ's market-maker is willing to sell her shares for $32.30 per share and purchase additional shares for $31.00 per share. Select the most appropriate values in the following table: If the market-maker is willing to purchase the entire block of 1, 500 shares from Abigail and, from that block, resell 1, 000 shares to Cole, then the market-maker's net profit from Cole's transaction-excluding any inventory effects-will be _____