a. 29. The difference between a securities broker and a securities dealer is that a A broker buys/sells securities for him/her self while a dealer does so for clients b. Dealer buys/sells securities for him/herself while a broker does so for clients Broker underwrites securities, a dealer does not Dealer works for corporations, a broker works for individual investors There is no difference, they both perform same function c. d. e. a. 37. The factors that determine the fundamental value of stock (per Gordon's model) are Earnings b. Dividends C Growth rate of dividends d. Risk e. All of the above except earnings 40. The federal reserve system(the FED) is an important part of the US treasury department T/F 41. At the project's internal rate of return(IRR), the NPV of the project would be Positive Negative Zero