MGTA02H3 : Detailed
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MGTA02H3 Full Course Notes
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Securities market: securities: stocks and bonds (which represent a secured-asset-based claim on the part of investors) that can be bought and sold, holders of stocks and bonds have stake in the business (stock represents ownership) They advise company on timing and financial terms for new issue: underwriting (buying) new securities (bankers some risk of issuing new security) o. Create distribution network that moves new securities to customers (through banks and brokers: secondary securities market: the sale and purchase of previously issued stocks and bonds (handled by organizations such as toronto stock exchange) Computer by multiplying the number of a company"s outstanding shares by the value of each share. Preferred stock: preferred stock is usually issued with a stated par value (ex. Cumulative preferred stock: preferred stock on which dividends not paid in the past must first be paid up before the firm may pay dividends to common shareholders.
