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M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351 Exercise 21
If you want to trade stocks on the fl oor of the New York Stock Exchange, you must purchase a "seat," which is really a license to buy or sell stocks. Can you explain why the price of such seats rose sharply in the 1980s and early 1990s but has been declining rapidly in recent years?
Explanation
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A broker or an individual can own a 'Sea...
M & B 4th Edition by Dean Croushore
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