Personal Finance (6th Edition) (Pearson Series in Finance)
6th Edition
ISBN: 9780134082561
Author: Jeff Madura
Publisher: PEARSON
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Chapter 15, Problem 1RQ
Summary Introduction
To discuss: The meaning of stock exchanges and how they facilitate the stock trading.
Expert Solution & Answer
Explanation of Solution
The stock exchanges are the facilities, which permits the investors to buy or sell the existing stocks. The stock exchange facilitate the stock trading in secondary market by giving a physical place for the trading. Moreover, as the listed stock should meet particular requirements to be traded on exchange, the stock’s active market is assured.
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Chapter 15 Solutions
Personal Finance (6th Edition) (Pearson Series in Finance)
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