MGTA02H3 Chapter 9: Chapter 9 Notes

• School: UTSC
• Department: Management (MGT)
• Course: MGTA02H3
• Professor: Kelin Emmett

Document Summary

Securities: stocks and bonds (which represent a secured-asset-based claim on the part of. Holders of stocks and bonds have stake in the business (stock represents ownership) Securities market investors) that can be bought and sold. Primary and secondary markets for securities governments bonds. Primary securities markets: the sale and purchase of newly issued stocks and bonds by firms or. Private placements: stocks sold to one buyer or small group of buyers (keeps plans confidential) Investment banker: any financial institution engaged in purchasing and reselling new stocks and o o o. They advise company on timing and financial terms for new issue. Underwriting (buying) new securities (bankers some risk of issuing new security) Create distribution network that moves new securities to customers (through banks and brokers) by organizations such as toronto stock exchange) Secondary securities market: the sale and purchase of previously issued stocks and bonds (handled.