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Using Gini coefficient measures instead of the ratio of average incomes in the world's richest country to the average income in the world's poorest country,Oatley concludes that
Closing Price
The final price at which a security is traded on a given trading day, marking the last recorded trading price for that day.
Convertible Preferred Stock
Preferred shares that can be converted into a predetermined number of a company's common shares, usually at the shareholder's discretion.
Common Stock
A form of corporate equity ownership, a type of security that represents an ownership interest in a corporation, entitling the holder to a share of the company's profits.
Par Value
The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.
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