Principles of Economics- Mankiw (5th) 539

Principles of Economics- Mankiw (5th) 539 - CHAPTER 25 S AV...

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CHAPTER 25 SAVING, INVESTMENT, AND THE FINANCIAL SYSTEM 557 Banks If the owner of a small grocery store wants to finance an expansion of his business, he probably takes a strategy quite different from Intel. Unlike Intel, a small grocer Most daily newspapers include stock tables, which contain in- formation about recent trading in the stocks of several thou- sand companies. Here is the kind of information these ta- bles usually provide: ± Price. The single most im- portant piece of informa- tion about a stock is the price of a share. The newspaper usually pre- sents several prices. The “last” or “closing” price is the price of the last trans- action that occurred before the stock exchange closed the previous day. Many newspapers also give the “high” and “low” prices over the past day of trading and, sometimes, over the past year as well. ± Volume. Most newspapers present the number of shares sold during the past day of trading. This figure is called the daily volume. ± Dividend.
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This note was uploaded on 07/30/2010 for the course ECON 120 taught by Professor Abijian during the Spring '10 term at Mesa CC.

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