Question

In an ___________ stock market it will make no difference whether new stock is obtained via rights or via direct purchase.

Answer 1

In an efficient stock market, it will make no difference whether a new stock is obtained via rights or via direct purchase.

Stock markets are venues where buyers and sellers meet to exchange equity shares of public corporations. Stock markets are components of a free-market economy because they enable democratized access to investor trading and exchange of capital. As a result, stock traders decided to meet at a London coffeehouse, which they used as a marketplace. Eventually, they took over the coffeehouse and, in 1773, changed its name to the "stock exchange." Thus, the first exchange, the London Stock Exchange, was founded.

Without a stock market, purchasing shares directly from a company or selling directly to new investors would be more complex and expensive.

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