Chapter 1: 2B (page 49)
Why do most professionals consider the Wilshire 5000 a better index of the performance of the broad stock market than the Dow Jones Industrial Average?
Wilshire 5000 is considered to be a better index than Dow Jones because of the very small size of Dow Jones Industrial Average.
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What is the difference between a primary and secondary market?
What features of money market securities distinguish them from other fixed-income securities?
Give an example of three financial intermediaries, and explain how they act as a bridge between small investors and large capital markets or corporations.
If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%, what is its net asset value?
Preferred stock yields often are lower than yields on bonds of the same quality because of:
a. Marketability
b. Risk
c. Taxation
d. Call protection
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