Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
8th Edition
ISBN: 9781337125468
Author: Brechner
Publisher: Cengage
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Chapter 20, Problem 1CR
To determine
To fill: The blank in the statement “ __________, or equities, are a major investment category represented by an ownership share of a corporation.”
Expert Solution & Answer
Answer to Problem 1CR
Solution:
The complete statement is “Stock, or equities, are a major investment category represented by an ownership share of a corporation.”
Explanation of Solution
Stocks, also known as equities, which represent an ownership share of a corporation. Investor’s ownership in the company is measured by the number of shares each own. Each and every ownership portion or a share is represented by stock certificate. If the company does well, the investor or shareholder will receive dividends, which are a distribution of the company’s profit.
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Chapter 20 Solutions
Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
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