第五章
An important financial institution that assists in the initial sale of securities in the primary market is the ( ).
答案:investment bankThe New York Stock Exchange is the most important example of a ( ) financial market.
答案:secondary
Capital markets are more frequently used for ( ) assets, which are those with maturities of greater than one year.
答案:long-term
When a company issues public stock newly to investors through underwriting by investment bankers, this sale is called ( ).
答案:an initial public offering
The financial instruments used in capital markets include ( ), but the instruments used in the money markets include deposits, T-bills and bills of exchange.
答案:bonds;stocks
Private placement has advantages over other equity financing methods, including ( ).
答案:less burdensome regulatory requirements;the ability to remain a private company.;reduced cost;reduced time
Public offering is also called direct issuing as securities are not issued through intermediaries. （ ）
答案:错
An organized securities exchange is a location with a trading floor where all of the trading takes place under the rules formulated by the exchange. （ ）
答案:对
An IPO is a big step for a company. It provides the company with access to raising a lot of money. This gives the company a greater ability to grow and expand. （ ）
答案:对
An is the issuance of additional shares of stock after the issuing company has already had a follow-on offering. （ ）
答案:错
