initial public offering ( IPO ). The company ' s investment banker , Jones
Securities , will offer the stock to the public at $ 15 per share and charge
Arbuckle Corporation an underwriting spread of 7 percent . a ) What will be the gross proceeds from the IPSO ?
b ) What will be Arbuckle Corporation ' s net proceeds from the offering ?
c ) How much will Jones Securities earn for conducting the offering ? ( Questions 3 to 5 have only one answer each )
3 . There are ______ members of the Federal Reserve Board of Governors , _______ members of the Federal Open Market Committee , and ________ Federal Reserve Banks .
a . 12 ; 7 ; 12 ; b . 7 ; 14 ; 12 ; c . 14 ; 12 ; 12 ; d . 7 ; 12 ; 12
4 . The Fed ' s primary tools of monetary policy include all the following except
a . changing the discount rate . b . open market operations . c . adjusting reserve requirements . d . changes in the Federal Funds rate .
5 . If a Canadian dollar costs $ 0.84 in U . S . dollars today and traded for $ 0.86 last year , the U . S . dollar
a . has appreciated against the Canadian dollar .