Stock Exchange Assignment Portfolio: 12/03/07 $150 000 in Rio Tinto Ltd (RIO) @ $74.84 = 2 004 shares $50 000 in Newcrest Mining Ltd (NCM) @ $21.28 = 2 349 shares $50 000 in Macarthur Coal Ltd (MCC) @ $4.55 = 10989 shares $50 000 in Fortescue Metals Group (FMG) @ $18.05 = 2770 shares Total: $300 000 18/05/07 2004 shares in RIO @ $90.91 = $182 183 .64 2359 shares in NCM @ $22.20 = $52 369.80 10989 shares in MCC @ $5.27 = $57 912.03 2770 shares in
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An efficient market is a market in which prices can always fully reflect available information. According to Andrei Shleifer‚ Market efficiency is theoretically based on three conditions‚ which are investor rationality‚ independent deviations from rationality and unlimited arbitrage. If three conditions cannot be satisfied‚ the market might be not efficient. Thus‚ investors’ rational behavior leads to stock market efficiency. For instance‚ when a company releases new information‚ for all investors
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“The history of the New York Stock Exchange begins with the signing of the Buttonwood Agreement by twenty-four New York City stockbrokers and merchants on May 17‚ 1792‚ outside at 68 Wall Street under a Buttonwood tree.” (1) This agreement was named after a huge sycamore tree that the brokers would gather under to trade.(2) The first listed company on the New York Stock Exchange was the Bank of New York in which there were originally five securities traded.(1) There were twenty four members
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The quote shows a strong relation to the efficient market hypothesis (EMH)‚ as it implies that the costs of capital are dependent from the amount of information given by the company. According to my opinion‚ agency theory is a good explanation for costs of capital. Agency theory defines contracts as under which one party – called principal – engages another party – called the agent – to perform service on the principal’s behalf. Concluding‚ the principal delegates
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The Philippine Stock Exchange‚ Inc. ("PSE" or the "Exchange") is a private organization that provides and ensures a fair‚ efficient‚ transparent and orderly market for the buying and selling of securities. PSE traces its roots from the country’s two former bourses: the Manila Stock Exchange ("MSE") and the Makati Stock Exchange ("MkSE"). Founded in March 1927‚ the MSE was the first stock exchange in the Philippines and one of the oldest in Asia. Originally housed in downtown Manila‚ the MSE moved
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The Philippine Stock Exchange‚ Inc. ("PSE" or the "Exchange") is a private organization that provides and ensures a fair‚ efficient‚ transparent and orderly market for the buying and selling of securities. PSE traces its roots from the country’s two former bourses: the Manila Stock Exchange ("MSE") and the Makati Stock Exchange ("MkSE"). Founded in March 1927‚ the MSE was the first stock exchange in the Philippines and one of the oldest in Asia. Originally housed in downtown Manila‚ the MSE moved
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Bombay Stock Exchange |Bombay Stock Exchange | |[pic] | |[pic] | |Type |Stock Exchange | |Location |Mumbai‚ India | |Coordinates |[pic]18.929681°N 72.833589°E
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Jeremy Peav Mr. Sherr Per. 3 4/29/13 The Stock Market The stock market is a very important variable in the economy. The stock market is where shares or stock are issued and traded either through exchanges or over-the-counter markets. It is also known as the equity market‚ it is one of the most vital areas of a market economy as it provides companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the company’s future performance
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Bombay Stock Exchange The Bombay Stock Exchange (BSE) (Marathi: Bombay Śhare Bāzaār) (formerly‚ The Stock Exchange‚ Bombay) is a stock exchange located in Dalal Street‚ Mumbai and is the oldest stock exchange in Asia. The Bombay Stock Exchange has the largest number of listed companies in the world‚ with 4990 listed as of August 2010. As of December 2010‚ the equity market capitalization of the companies listed on the BSE was US$1.63 trillion‚ making it the 4th largest stock exchange in Asia and
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Stock Exchange (Share Bazaar) is one of the most vital parts of the capital market. Stock Exchange is the market from where purchase and sale of industrial and financial securities are done. It is the place where trading in securities is done through rules and regulations laid down by the SEBI (Securities and Exchange Board of India). It performs various functions and provides useful services to the investors and borrowing companies. Stock exchange is an organized market for buying and selling of
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