A(n)________ is hired by a firm to find prospective buyers for ...

[tfester]

A(n)________ is hired by a firm to find prospective buyers for its new stock or bond issue.
 
  A) securities analyst
  B) trust officer
  C) commercial loan officer
  D) investment banker

Question 2

A firm has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of 40,000 and 500,000, respectively. The firm has 40,000 common shares outstanding.
 
  If the firm had a par value of 1, the stock originally sold for ________.
  A) 11.50/share
  B) 12.50/share
  C) 13.50/share
  D) 15.50/share

[Kjones0604]

Answer to Question 1

D

Answer to Question 2

C