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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XVIII.

Multiple Choice Questions

1. What does everyone finally think about Tropical Trading?
(a) The stock can't be manipulated.
(b) The parent company is in trouble.
(c) The stock is solid.
(d) The insiders are dishonest.

2. What does Livingston do to retaliate against the insiders?
(a) Tells the newspaper it's going under.
(b) Tells all his friends to sell.
(c) Buys all the low priced shares.
(d) Sells a bunch of the parent company stock.

3. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco fire.
(b) The San Francisco earthquake.
(c) Nothing happens.
(d) The San Francisco tidal wave.

4. What do the insiders of Tropical Trading do when Livingston goes short?
(a) Put bad articles about him in the newspaper.
(b) Run the stock back up.
(c) Ask him to hold on to the stock.
(d) Make the price drop way down.

5. What does Livingston decide from the Union Pacific situation?
(a) To only trust himself.
(b) To go back to school to learn more.
(c) To practice understanding insider actions.
(d) To listen more carefully to his manager.

Short Answer Questions

1. What happens to Livingston when he takes Percy's advice?

2. What does Livingston conclude when Union Pacific announces a dividend?

3. What has happened to Percy recently in the market?

4. What does Livingston notice about the price of Tropical Trading stock?

5. How does he start out selling Union Pacific?

(see the answer key)

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