In investment banking the "spread" is the difference between
A) the value of a firm's assets and the value of its liabilities.
B) the bid and asked prices on a bond.
C) the price of new capital guaranteed to the issuing firm and the price that can be obtained in the market.
D) the price of a new stock issue and the price of an equivalent new bond issue.
C
Economics
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A trader that is long in the futures market has purchased a futures contract
a. true b. false
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If the expansion of a country's exports leads to growth in non-export industries this is called a(n)
A) secondary effect. B) linkage effect. C) elementary effect. D) None of the above.
Economics