Explain the purpose of the Securities Investor Protection Corporation (SIPC).
Answer to relevant QuestionsWhat impact have electronic markets had on markets overall? What are the criticisms and a defense of the Dow Jones Industrial Average? Why might one say that the Wilshire 5000 Equity Index is the most comprehensive market measure? How is the Dow Jones Industrial Average adjusted for stock splits? Recompute the answer to problem 3 based on a stock decline to $23.75.
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