EC223 Study Guide - Comprehensive Final Exam Guide - Canada, Interest Rate, Inflation
Document Summary
Intermediate-term (1 10 years: equity market, common stocks- shares in a corporation, ways of making money include dividends (periodic payments) and capital gains (price of the stock going in your favour, cons, shareholder is a residual claimant. These sales are referred to, as the initial public offering (ipo). Because of high demand in the primary market, underwriters placed the stock at /share, at the top of the targeted range and raised the stock offering level by 25% to 421 million shares. This then allowed the stock valuation to become billion, the largest of any newly public company. Although facebook raised billion through the primary market, the stock closed at . 23, an increase of only sh. 23. Repurchase agreements, overnight funds: capital market trade in long-term securities with high maturity (> 1 year) and equity. Many individuals, companies, and governments use them to manage risk.
