Abstract
Corporations finance their operations by selling stock and bonds. Owning a share of stock means partial ownership of the company. You share in both the profits and losses of the company, so nothing is guaranteed.
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© 2004 Springer Science+Business Media New York
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Ruppert, D. (2004). Fixed Income Securities. In: Statistics and Finance. Springer Texts in Statistics. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-6876-0_9
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DOI: https://doi.org/10.1007/978-1-4419-6876-0_9
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