Asked by Andrew Cameron on May 22, 2024
Verified
The market value of a stock is the price at which the stock was originally offered during its initial public offering.
Market Value
The current price at which an asset or service can be bought or sold in an open market.
Initial Public Offering
A process by which a private company becomes publicly traded by offering its shares to the public for the first time.
- Characterize secondary markets and identify their key functions.
Verified Answer
TR
Taylor RankinMay 25, 2024
Final Answer :
False
Explanation :
The market value of a stock is the current price at which it is trading on the stock market, not the price at which it was originally offered during its initial public offering (IPO).
Learning Objectives
- Characterize secondary markets and identify their key functions.
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