Question

Kate owns 1,000 shares of stock in a corporation, making her part-owner of the corporation. As an owner, if Kate enters into a contract on behalf of the corporation, the company will be bound by her actions.

Answer 1

Kate owns 1,000 shares of stock in a corporation

What is stock?

Stock in finance refers to the shares into which a corporation or company's ownership is divided. A single share of stock represents fractional ownership of the corporation based on the total number of shares.

Stocks are ownership stakes in a publicly traded company. When you purchase stock in a company, you become a part-owner of that company. If a company has 100,000 shares and you purchase 1,000 of them, you own 1% of the company.

A stock is an investment in a publicly traded company. When a company sells stock to the public, the stock is typically issued as one of two types: common stock or preferred stock.

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