Traders on the floor of the American Stock Exchange sell securities fo

QUESTION

Traders on the floor of the American Stock Exchange sell securities for what types of businesses and based on what value?

A) large, established U.S. companies; market value
B) midsized growth companies; par value
C) prominent high-tech firms; book value
D) midsized growth companies; market value
E) large, established U.S. companies; book value

ANSWER

Answer: D
Explanation: D) The American Stock Exchange lists about 1,000 stocks primarily for U.S. and foreign midsized growth companies. Market value is the price at which a stock is currently selling.