Examlex
Explain the rationale behind the statement that equity is a call option on the firm's assets.When would a shareholder allow the call to expire?
SEC
The U.S. Securities and Exchange Commission, a federal agency tasked with protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.
Initial Public Offerings
Initial public offerings (IPOs) refer to the process by which a private company becomes publicly traded by offering its shares to the public for the first time.
Secondary Market
A market where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.
Institutions
Organizations or structures that are established for a particular purpose, often involved in public service, finance, or education.
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