RSM100Y1 : summary/guide
Document Summary
Stocks and bonds, which represent a secured asset based claim on the part of investors, which are bought and sold. Dominion securities: secondary market (sale/purchase of previously issued stocks/bonds) Market value current price of a share the secondary securities market; the real value. Book value the value that shows up on your books/the actual price, not market = total stockholder"s equity divided by the number of shares of stocks (outstanding) Par value the arbitrary value of a stock set by the board of directors and stated on stock certificates used by accountants but not investors. Market capitalization the dollar value/market value of stocks listed on a stock exchange (number of company shares outstanding x the value of each share) Callable shares when the firm can buy back the preferred shares for a call price. In 2008, smyth buys a share for , and one year later it is worth . 75.