Bubba purchases 100 shares of XYZ at 78 and, on the same day, writes 1 XYZ October 80 call for a premium of 4. If the option expires unexercised, what is Bubba's profit on the 100 shares of stock?

A dealer buys 100 shares of XYZ common, which is an actively traded stock, at 23.50. Three days later, when XYZ common is quoted at 19.50 - 19.75, he sells the 100 shares to a customer.
The basis for the dealer's markup is:

Maintaining a fair and orderly market and acting as a broker's broker are dual functions of the:

In a best efforts distribution of a new non-exempt issue, a broker/dealer:

A case of leverage is: