1. A new issue of stock on the primary market is called a(n)___________
A. initial public offering
B. solicitation to sell
C. primary market operation
D. none of these

2. When the underwriting syndicate makes an outright purchase of a company's IPO it is known as (a) ______
A. right to buy
B. best efforts
C. firm commitment
D. none of these

3. When a stock trades between investors this trade occurs on the _________
A. secondary market
B. tertiary market
C. primary market
D. none of these

4. If markets are strong from efficient the current prices of the financial assets reflects what type of information?
A. private information only
B. both public and private information
C. public information only
D. none of these

5. If markets are semi-strong form efficient then stock prices will move _______ when new relevant positive non price information is released.
A. none of the above
B. higher
C. laterally
D. lower

6. If markets are weak form efficient then stock prices will move _______ when new relevant positive non price information is released.
A. higher
B. lower
C. laterally
D. none of the above

7. The common stockholders receive two types of return from their investment. What are they?