ECON 4500                        Name_____________

Quiz #2                        January 26, 2001

1.      Ex dividend means  __________________________.

2.      S & L stands for _____________________________.

3.   SEC stands for ______________________________.

Answer three (3) of the following five (5) questions.

1.      Profitability can be measured in many ways.  Explain.

 2.      Explain how the following terms would apply to a mutual fund; open, closed-end, NAV, discount from NAV, Load, No-load.

 3.  What is book value or shareholders equity?  Is this figure always reliable?

 4.      Explain the following: Stop Order, Short, Wash Rule, Margin Trade, Fully Diluted Earnings and Capital Gains.

 5.  Business statistics and accounting are not always reliable.  Explain and illustrate.