Discussion
1. What is a short sale?
2. Describe buying on margin.
3. What is program trading?
4. What are American depository receipts (ADRs)?
5. Why is it illegal to trade on insider information?
6. What factors differentiate a good market from a poor market?
7. A security's liquidity is affected by what influences?
8. Explain market stabilization.
9. Identify the costs associated with going public.
10. Briefly describe how investment banking is regulated.