After operating for years as a privately held corporation, Iron Age Metalworks plans to publicly trade its stock. As a midsized firm, Iron Age wants to avoid excessive paperwork, and the fear of being delisted in the future. The ________ provides the best fit for Iron Age's plans.

Question

Quizplus · Accepted Answer

The over-the-counter (OTC) market provides companies and investors with a means to trade stocks not listed on the national securities exchanges. The OTC market is a network of several thousand brokers that maintain contact with one another and buy and sell securities through a nationwide electronic system.

After Operating for Years as a Privately Held Corporation, Iron