Which of the following statements about investment banking in the United States is MOST correct?
A) The top five banks involved in investment banking account for less than 25% of the industry's
total market share.
B) The investment banking industry became more competitive following the financial crisis in
2007 and 2008.
C) Investing banking is dominated by a few, very large, stand-alone investment banking firms,
such as Bear Stearns.
D) The investment banking industry is dominated by large banks that are also investment
bankers.
D
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Martin Company incurred the following costs for 70,000 units:
Variable costs $420,000 Fixed costs 392,000 Martin has received a special order from a foreign company for 3,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $6,300 for shipping. If Martin wants to earn $6,000 on the order, what should the unit price be? a) $10.10 b) $8.00 c) $15.70 d) $9.70
Equity securities in which the investor owns less than 20% ownership in the voting stock of the investee can be ________
A) significant interest investments B) controlling interest investments C) held-to-maturity investments D) either trading investments or available-for-sale investments