Evaluate Higher-Order Determinants
- $$\left| \begin{array} { l l l l } 0 & 9 & 7 & 5 \\0 & 3 & 2 & 6 \\3 & 7 & 1 & 2 \\4 & 1 & 1 & 9\end{array} \right|$$

question 97

Multiple Choice

Evaluate Higher-Order Determinants
- $$\left| \begin{array} { l l l l } 0 & 9 & 7 & 5 \\0 & 3 & 2 & 6 \\3 & 7 & 1 & 2 \\4 & 1 & 1 & 9\end{array} \right|$$

• A) \(- 818\)
• B) 32
• C) 9
• D) 58

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Definitions:

Spread

The difference between the buying price and selling price of a financial instrument, or between the bid and ask prices.

Standby Underwriting Agreement

An arrangement where the underwriter agrees to buy any of the unsold shares in a public offering at a predetermined price.

Underwriter's Buying Price

The price at which an underwriter agrees to purchase securities from the issuer, which they will then sell to the public or investors.

Standby Fee

Amount paid to underwriter participating in standby underwriting agreement.