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.