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E. Abandonment Rate
Answer: C,D,E
NEW QUESTION: 3
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A. Community
B. Private
C. Public
D. Hybrid
Answer: C
Explanation:
Explanation
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NEW QUESTION: 4
Which of the following are duties of the specialist on an exchange floor?
I. executing limit orders if/when the limit price specified is reached
II. minimizing any imbalance in supply and demand for the stock(s) that the specialist is assigned III. determining an opening price for each assigned stock every day
IV. serving as an auctioneer for the shares of the assigned stocks
A. I, II, III, and IV
B. I and IV only
C. I, II, and IV only
D. I and II only
Answer: A
Explanation:
Explanation/Reference:
Explanation: All of the choices listed are duties of the specialist on an exchange floor. The specialist maintains a limit order "book" and executes those orders if/when the limit price is reached. The specialist is also charged with maintaining a fair and orderly market in the assigned securities, which means trading on his own account to ensure that the supply and demand of the stock's shares match. Additionally, the specialist is responsible for setting the opening price for the assigned stock each day and for serving as the auctioneer for the shares of the stock.
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