If 900 million shares of stock are traded on the New York Stock Exchange today at an average price of $100, then the total amount of money raised today by the corporations whose stock traded on this exchange would be $90 billion.

Question

Quizplus · Accepted Answer

The total amount of money traded is $90 billion, but this does not mean that corporations raised this amount. The trading occurs between investors, and corporations only raise money during initial offerings or new issuances, not through daily trading.

If 900 Million Shares of Stock Are Traded on the New