MGTA02H3 Chapter Notes - Chapter 11: Dow Jones Industrial Average
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MGTA02H3 Full Course Notes
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Chapter 11: understanding shares and other investments: securities: stocks and bonds (which represent a secured asset based claim on the part of investors) that can be bought and sold, market selling stocks and bonds called securities markets, primary securities market: the sale and purchase of newly issued stocks and bonds by firms or governments, investment banker: any financial institution engaged in purchasing and reselling new stocks and bonds; they provide three types of banking services. Create the distribution network that moves the new securities through groups of other banks and brokers into the hands of individual investors: second securities market: the sale and purchase of previously issued stocks and bonds, new securities are only a small portion of securities traded, common share: expressed as market value and as book value, market value: the current price of one share of stock in the secondary securities market; the real value of the share.
