In 1977, he pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status

Suppose there is an increase in both the supply and demand for personal computers. Furthermore, suppose the supply of personal computers increases more than demand for personal computers. In the market for personal computers, we would expect the

a. equilibrium quantity to rise and the equilibrium price to rise. b. equilibrium quantity to rsie and the equilibrium price to fall. c. equilibrium quantity to rise and the equilibrium price to remain constant d. equilibrium quantity to rise and the change in the equilibrium price to be ambiguous. e. change in the equilibrium quantity to be ambiguous and the equilibrium price to rise.

Which of the following is not a major institutional investor in the stock market?

A) Mutual funds B) Pension funds C) Insurance companies D) Commercial banks