On a Particular Day,there Were Odd-Lot Sales of 830,000 on the NYSE

question 50

Multiple Choice

On a particular day,there were odd-lot sales of 830,000 on the NYSE and 746,000 odd-lot purchases.The odd-lot trading index is __________.

• A) 0.43
• B) 0.90
• C) 0.77
• D) 1.11

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Definitions:

Interest Expense

The charge for borrowing money typically calculated as a rate of the principal amount annually.

Net Operating Losses

A situation where a company's operating expenses exceed its revenues, which can have tax implications and affect future earnings reports.

Debenture Bonds

Unsecured bonds that rely on the creditworthiness and reputation of the issuer for support, without specific collateral.

Treasury Stock

Refers to shares that were issued and later reacquired by the issuing corporation, reducing the amount of outstanding stock on the open market.