What is a financial market? What is the role of a financial market?
3-2 What would happen to the standard of living in the United States if people lost faith in our financial markets? Why?
3-3 How does a cost-
3-4 The SEC attempts to protect investors who are purchasing newly issued securities by requiring issuers to provide relevant financial information to prospective investors. The SEC does not provide an opinion about the real value of the securities. Hence, an unwise investor might pay too much for some stocks and consequently lose heavily. Do you think the SEC should, as a part of every new stock or bond offering, render an opinion to investors on the proper value of the securities being offered? Explain.
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