Textbook Notes (369,141)
Canada (162,412)
RSM100Y1 (431)
Chapter 19

CHAPTER 19-Securities and Investments

7 Pages

Rotman Commerce
Course Code
Michael Szlachta

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CHAPTER19: SECURITIESANDINVESTMENTS Securities Markets - securities = stocks and bonds because they represent a securedor assetbased claim on the part of investors - People who hold stocksbonds have a stake in the business that issued them - Each share of stock represents ownership so stockholders have claims on some of a .47547,9L438 assets - Bonds does not issue ownership. They represent financial claims for money owed to holders of a company. Companies sell bonds to raise long term funds - Marketsof selling stocks and bonds = securities markets Primary and secondary marketsfor securities - primary securities markethandles the buying and selling of new stocks and bonds by firmsor governments - sometimes will sell new securities to one buyer or a small group of buyers = private placements (saleis confidential) www.notesolution.com
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