Use the Following to Answer Questions

question 57

Multiple Choice

Use the following to answer questions:
Figure: Slave Redemption
-(Figure: Slave Redemption) Refer to the figure. Assume the graph illustrates the Sudanese slave trade. When slave redeemers enter the market, the total number of freed slaves is ________ and the net number of freed slaves is ________.

• A) 1,500; 500
• B) 1,000; 400
• C) 1,100; 100
• D) 500; 1,000

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Definitions:

Regular Underwriting

The purchase of securities from the issuing company by an investment banker for resale to the public.

Preliminary Prospectus

An initial document provided by a securities issuer that details an investment offering for sale to the public.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a government or corporation (bond), or rights to ownership as represented by an option.