From Cengage gnment 02- Financial Markets and Institutions e Today at 11:59 PM E

Question

From Cengage gnment 02- Financial Markets and Institutions e Today at 11:59 PM EDT ch institutions as investment banks, commercial banks, financial services corporations, credit unions, pension nds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies ay a key role in facilitating these transfers. dentify the financial institution based on each description given in the following table: Financial Institution Description These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. They are owned by members so that members can share funds among themselves. Members who save deposit the funds. These funds are then loaned to members who need the funds. These are organizations that invest in equity capital that is not traded in public exchanges. Flash Player MAC 29,0,0,171 Q3 3.34.1 ?. 2004-2016 Aplia. All rights reserved. Grade It Now Save & Continue 2013 except as noted. All rights reserved

Explanation / Answer

Ans 1)

a) Financial Service corporations

b) Credit Unions

c) private equity companies

Ans 5)

the stock market is a public market for trading company's equities.

the difference between the price at which a dealer is willing to buy a security and the price at which a dealer is willing to sell it bid ask spread.

Bid price is price at buy securities = $33.75

Ask price is price at which sell securities = $ 34.45

Bid ask spread = $(34.45- 33.75) = $$70

Net profit from Fernando's transaction = bid ask spread * 1000 = $700

Underwriter's Spread is the correct option for last question.

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