Homework answers / question archive / Read carefully and answer the following short-answers questions: 1) Explain in your own words what is an IPO and how it works (5 points) 2) Explain in your own words what is a financial security (5 points) 3) Use the concepts and definitions seen in class to explain what is a stock (10 points) 4) Explain why shareholders are told to be “residual claimers” (5 points)

Read carefully and answer the following short-answers questions: 1) Explain in your own words what is an IPO and how it works (5 points) 2) Explain in your own words what is a financial security (5 points) 3) Use the concepts and definitions seen in class to explain what is a stock (10 points) 4) Explain why shareholders are told to be “residual claimers” (5 points)

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Read carefully and answer the following short-answers questions: 1) Explain in your own words what is an IPO and how it works (5 points) 2) Explain in your own words what is a financial security (5 points) 3) Use the concepts and definitions seen in class to explain what is a stock (10 points) 4) Explain why shareholders are told to be “residual claimers” (5 points)