In a Dark Pool Trading Venue

question 73

Multiple Choice

In a Dark Pool trading venue:

• A)The size and price of the order is not disclosed to the participant and the price is between the best bid and asked price.
• B)The size of the order is disclosed to the participant and the price is between the best bid and asked price.
• C)Traders can assume that the order will be filled.
• D)Traders should not expect prices better than what could be quoted in a conventional market.
• E)Dark Pools do not constitute a large portion of total transactions compared to activity in conventional markets.

Understand and calculate net working capital from the statement of financial position.

Analyze the change in net working capital and its impact on a firm's financial health.

Determine operating cash flow using income and expense data.

Understand the impact of depreciation and interest expense on a firm's financial statements.

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Definitions:

FMV

Fair Market Value; an estimate of the market value of an asset, based on what a willing buyer would pay to a willing seller.

Subchapter S Corporation

A type of corporation that meets specific Internal Revenue Code requirements, offering the benefits of limited liability of a corporation but is taxed as a pass-through entity.

Taxed

Subject to taxation by governmental authority, involving the imposition of financial charges on individual or corporate income, property, goods, services, or transactions.

Partnership

A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.