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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
Why would a speculator purchase 1,000 shares of XYZ.COM stock at a price ten times greater than its initial public offering price?
A) They expect the price to soon fall.
B) They expect to be able to sell it at a higher price.
C) They must think the company will sustain long-run profits.
D) They failed to realize the importance of economizing in their portfolio allocation.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 339 times
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SmooothSmoooth
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Top Poster
Posts: 5500
8 years ago
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Sublight2097 Author
wrote...
8 years ago
Another one in the books, marking it solved.
wrote...
8 years ago
Don't mention it Happy Dummy
wrote...
2 years ago
Thank you
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