V1_20100227_CFA一级上海基础班equity题目_张颍.docVIP

Equity Which of the following is the attribute that is most closely associated with the liquidity of a securities market? Low transaction costs Timely and accurate information Price continuity and market depth Rapid adjustment of prices to new information A securit market in which all the bids and asks for a stock are gathered to arrive at a single price that satisfies most of the orders is best described as a call market. dealer market. primary market. continuous market. Adams owns 100 shares of Brikley stock, which is trading at $86 per share, and Brown is short 200 shares of Brikley. Adams wants to buy 100 more shares if the price rises to $90, and Brown wants to cover his short position and take profits if the price falls to $75. The orders Adams and Brown should enter to accomplish their stated objectives are: Adams Brown Limit buy at 90 Limit buy at 75 Limit buy at 90 Stop buy at 75 Stop buy at 90 Limit buy at 75 Stop buy at 90 Stop buy at 75 In securities exchange markets, a member who executes stop loss or stop buy orders when the specified price occurs is most likely a: floor broker. market maker. registered trader. commission broker. You purchase 3000 shares of AMD at $9 using 50% margin. AMD does not pay a dividend, and the call rate on the margin loan is 1% per month. After 3 months, you liquidate this position at a share price of $12. What is rate of return on this trade? 31.83% 63.67% 33.34% 66.67% An investor purchased 550 shares of Akley common stock for $38,500 in a margin account and posted initial margin of 50% of this amount. The maintenance margin requirement is 35%. If the price of Akley falls to $52 per share, the investor: is not required to deposit more equity to maintain the long 550 share position. must deposit $9,900 to meet the resulting margin call. must deposit $5,775 to meet the resulting margin call. must deposit $660 to meet the resulting margin call. Hari Raju, CEO of Securities Tracking Associ