MGTA02H3 Chapter 11: Chapter 11- Understanding Shares and Other Investments

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30 Sep 2011
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MGTA02H3 Full Course Notes
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1- explain the differences between primary and secondary securities markets. Securities- stocks and bonds (which represent a secured-asset-based claim on the part of investors) that can be bought and sold: holders of stocks and bonds have a stake in the business that issued hem. Stockholders have claims on some of a corporation"s assets and a say in how the company is run because each share represents part ownership: bonds represent financial claims for money owed to holders by a company. Securities markets- the markets in which stocks and bonds are sold. Primary securities market- the sale and purchase of newly issued stocks and bonds by firms or governments. Sold to one buyer or a small group of buyers: represent a small portion of securities traded. Private placements- allow the businesses that use new securities to keep their plan confidential. Investment banker- any financial institution engaged in purchasing and reselling new stocks and bonds.

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