National Trucking has paid an annual dividend of $1.00 per share on its common stock for the past fifteen years

A securities market primarily comprised of dealers who buy and sell for their own inventories is referred to which type of market?    A.  auction B.  private C.  over-the-counter D.  regional E.  electronic network Refer to section 8.3

23.

An ECN is best described as:    A.  an electronic network which transmits orders directly to the floor of the NYSE. B.  the network used in the primary market for selling newly issued shares. C.  the international trading network of the NYSE. D.  a website that allows individual investors to trade directly with one another. E.  a computerized network used by independent brokers. Refer to section 8.3

24.

National Trucking has paid an annual dividend of $1.00 per share on its common stock for the past fifteen years and is expected to continue paying a dollar a share long into the future. Given this, one share of the firm's stock is:    A.  basically worthless as it offers no growth potential. B.  equal in value to the present value of $1 paid one year from today. C.  priced the same as a $1 perpetuity. D.  valued at an assumed growth rate of one percent. E.  worth $1 a share in the current market. Refer to section 8.1

25.

An increase in which of the following will increase the current value of a stock according to the dividend growth model? I. dividend amount II. number of future dividends, provided the current number is less than infinite III. discount rate IV. dividend growth rate    A.  I and II only B.  III and IV only C.  I, II, and III only D.  I, II, and IV only E.  I, II, III, and IV Refer to section 8.1