Question: In examining Figure 9 7 page 220 if the next price
In examining Figure 9–7 page 220, if the next price movement is to 34, will a shift to a new column be indicated? (Assume the current price is 36.)
Answer to relevant QuestionsWhat is the logic behind the odd-lot theory? If the odd-lot index starts to move higher in an up market, what does the odd-lot theory indicate the next movement in the market will be? How does prospect theory differ from standard economic utility theory? Distinguish between general obligation and revenue bonds. Why would a corporate investor consider preferred stock over a bond? What is meant by the cumulative feature of preferred stock issues? If an investor is in a 30 percent marginal tax bracket and can purchase a straight (nonmunicipal bond) at 8.37 percent and a municipal bond at 6.12 percent, which should he or she choose?
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