1. When you possess fractional ownership in a corporation, you own__________.

a) bonds

b) stock

c) interest

d) T-bills

e) none of the above

2. You specify that your trade is to be only at a certain price or better. You are placing a(n)____.

a) open order

b) closed order

c) limit order

d) stop order

e) market order

3. If you buy a stock on or after the ______you will not receive any dividends paid up to that point in time.

a) announcement date

b) ex-dividend date

c) declaration date

d) dividend date

e) none of the above