You just inherited 30,000 shares of a company you have never heard of, ABD Corporation. You call
Question:
You just inherited 30,000 shares of a company you have never heard of, ABD Corporation. You call your broker to find out if you have finally struck it rich. After several minutes, she comes back on the telephone and says: "I don't have a clue about these shares. It's too bad they are not traded in a financial market. That would make life a lot easier for you." What does she mean by this?
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The brokers statement implies that while inheriting 30000 shares of ABD Corporation might hold potential value its difficult to assess their true wort...View the full answer
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Related Book For 
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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