Corporations and brokers prefer to have stock purchases conducted in round lots of 100 shares.

Name: Corporations and brokers prefer to have stock purchases conducted in round lots of 100 shares.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true as it makes the transactions more efficient and easier to manage for both the corporation and brokers. It also helps to avoid odd lot trades (transactions involving less than 100 shares) which may result in higher fees and less liquidity in the market.

Corporations and Brokers Prefer to Have Stock Purchases Conducted in Round