RSM100Y1 Chapter Notes - Chapter 19: New York Stock Exchange, Montreal Exchange, Tsx Venture Exchange

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Securities stocks and bonds (which represent a secured-asset-based claim on the part of investors) that can be bought and sold. Primary securities market sale and purchase of newly issued stocks or bonds offered by firms and governments. Secondary securities market sale and purchase of previously issued stocks and bonds. Investment banker any financial institution engaged in purchasing and reselling new stocks and bonds. Par value the arbitrary value of a stock set by the issuing company"s board of directors and sated on stock certificates, used by accountants but of little significance to investors. Market value the current price of one share of a stock in the secondary securities market; the real value of a stock. Book value value of a common stock expressed as total stockholders" equity divided by the number of shares of stocks. Market value book value = good companies. Risky securities but have high growth potential. Blue chip stocks stocks from well-established, financially sound firms.

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