Which of the following best explains the difference between brokers and dealers?
A) Brokers are pure middlemen; dealers make markets by standing ready to buy and sell at given prices.
B) Dealers are pure middlemen; brokers make markets by standing ready to buy and sell at given prices.
C) Dealers link up buyers and sellers, but do not stand ready to buy and sell from their inventories of securities; brokers stand ready to buy and sell from their inventories of securities.
D) There is no difference between brokers and dealers.
A
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All the response hierarchy models assume that a buyer passes through affective, cognitive, and behavioral stages, in that order
Indicate whether the statement is true or false
The NPV method assumes that cash inflows are reinvested at the:
A) internal rate of return. B) firm's cost of capital. C) average yield on corporate bonds. D) average yield from an equity index fund. E) risk-adjusted hurdle rate.