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.