Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Question
Chapter 3, Problem 5PS
Summary Introduction
To determine:
In which market the illiquid security will most likely to trade in the developing country.
Introduction:
Illiquid stands to be the state of asset or security that is not easily exchanged or sold against cash without incurring a substantial loss in its actual value. Illiquid assets are the one that stands hard to sell due to lack of willingness and readiness of speculators or investor to buy it.
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