金融市场与机构.docVIP

PAGE 144Mishkin/Eakins?Financial Markets and Institutions, Fifth Edition Chapter 11The Stock Market PAGE 143 Chapter 11The Stock Market ?Multiple Choice Questions 1. (I) A share of common stock in a firm represents an ownership interest in that firm. (II) A share of preferred stock is as much like a bond as it is like common stock. (a) (I) is true, (II) false. (b) (I) is false, (II) true. (c) Both are true. (d) Both are false. Answer: C 2. Preferred stockholders hold a claim on assets that has priority over the claims of (a) both common stockholders and bondholders. (b) neither common stockholders nor bondholders. (c) common stockholders, but after that of bondholders. (d) bondholders, but after that of common stockholders. Answer: C 3. (I) Preferred stockholders hold a claim on assets that has priority over the claims of common stockholders, but after that of bondholders. (II) Firms issue preferred stock in far greater amounts than common stock. (a) (I) is true, (II) false. (b) (I) is false, (II) true. (c) Both are true. (d) Both are false. Answer: A 4. (I) Preferred stockholders hold a claim on assets that has priority over the claims of common stockholders. (II) Bondholders hold a claim on assets that has priority over the claims of preferred stockholders. (a) (I) is true, (II) false. (b) (I) is false, (II) true. (c) Both are true. (d) Both are false. Answer: C 5. (I) Firms issue common stock in far greater amounts than preferred stock. (II) The total volume of stock issued is much less than the volume of bonds issued. (a) (I) is true, (II) false. (b) (I) is false, (II) true. (c) Both are true. (d) Both are false. Answer: C 6. The riskiest capital market security is (a) preferred stock. (b) common stock. (c) corporate bonds. (d) Treasury bonds. Answer: B 7. Organized exchanges account for about _________ percent of the total dollar volume of domestic stock shares traded. (a) 30 (b) 45 (c) 60 (d) 70 Answer: D 8. Organized exchanges account for about _________ p