金融市场与金融机构基础_Fabozzi_Chapter13.doc

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1、.word格式,FoundationsofFinancialMarketsandInstitutions,4e(Fabozzi/Modigliani/Jones)Chapter13PrimaryMarketsandtheUnderwritingofSecuritiesMultipleChoiceQuestions1TheTraditionalProcessforIssuingNewSecurities1)The________involvesthedistributiontoinvestorsofnewlyissuedse

2、curitiesbycentralgovernments,itsagencies,municipalgovernments,andcorporationsA)OTCmarketB)secondarymarketC)primarymarketD)stockmarketAnswer:CDiff:1Topic:13.1TheTraditionalProcessforIssuingNewSecuritiesObjective:13.1theroleinvestmentbankersplayinthedistributionofne

3、wlyissuedsecurities2)Theparticipantsinthemarketplacethatworkwithissuerstodistributenewlyissuedsecuritiesarecalledinvestmentbankers.Investmentbankingisperformedbytwogroups:________.A)commercialbanksandsecuritieshouses.B)hometownbanksandsecuritieshouses.C)commercial

4、banksandbankhouses.D)savings&loansandbankhouses.Answer:ADiff:2Topic:13.1TheTraditionalProcessforIssuingNewSecuritiesObjective:13.1theroleinvestmentbankersplayinthedistributionofnewlyissuedsecurities,专业.专注..word格式,3)ThetraditionalprocessintheUnitedStatesforissuingn

5、ewsecuritiesinvolvesinvestmentbankersperforminguptothreefunctions.WhichofthebelowisNOToneofthesefunctions?A)Onefunctionisadvisingtheissueronthetermsandthetimingoftheoffering.B)Onefunctionissellingthesecuritiestotheissuer.C)Onefunctionisdistributingtheissuetothepub

6、lic.D)Onefunctionisbuyingthesecuritiesfromtheissuer.Answer:BComment:ThetraditionalprocessintheUnitedStatesforissuingnewsecuritiesinvolvesinvestmentbankersperformingoneormoreofthefollowingthreefunctions:(1)advisingtheissueronthetermsandthetimingoftheoffering,(2)buy

7、ingthesecuritiesfromtheissuer,and(3)distributingtheissuetothepublic.Diff:1Topic:13.1TheTraditionalProcessforIssuingNewSecuritiesObjective:13.1theroleinvestmentbankersplayinthedistributionofnewlyissuedsecurities,专业.专注..word格式,4)Aninvestmentbankermaymerelyactasanadv

8、isorand/ordistributorofthenewsecurity.Thefunctionofbuyingthesecuritiesfromtheissueriscalled________.A)advising.B)distributing.C)purchasing.D)underwritin