3. The individual as producer, consumer and borrower

[jeet]

The individual as producer, consumer and borrower

Stock exchange
The stock exchange is an organized market which brings together buyers and sellers of corporate and government securities.

Privately owned companies seek a stock exchange quotation for their shares for the following reasons:

1. The shareholder of unquoted companies may request a flotation though this adds nothing to the capital resources of the company; it provides them with marketable shares which may be used for a variety of purposes e.g. the spread of investment risk or the payment of estate duty...

Register in the forum to download the complete notes.
http://education.mu/forum/index.php?action=register