If Wal-Mart were to purchase a factory to make socks and it planned to sell these socks in its stores, this would be an example of forward vertical integration

If an investor can earn 20% on underpriced IPOs, but will lose 10% on overpriced IPOs in which he was awarded $2,000 worth of the overpriced issue, how much of the underpriced issue must he be awarded in order to gain $500?

A. $1,500 B. $2,500 C. $3,500 D. $10,000

To arrive at the adjusted basis for federal income tax purposes, you would add to the original cost basis all of the following, except:

a. miscellaneous acquisition expenses b. brokerage commission c. cost of an improvement d. mortgage payments