2. An issuing house is an outlet for _____

An issuing house is an outlet for

(a)new shares and bonds (b)non listed companies shares (c)existing shares and bonds (d)only gilt-edged securities

EXPLANATION:

What is an Issuing house

An issuing house is a financial institution{often a part of a MERCHANT BANK) that engages in FINDING CAPITAL for established companies or for private firms (wishing to convert to public companies), by issuing shares on their behalf.

Things you shouls also know

• An issuing house is a financial House (Mostly Merchant Bank)
• An issuing house registers, distributes, and sells a security on the primary market on behalf of another company.
• An issuing house arranges and underwrites the issue of new STOCKS and SHARES on behalf of corporate clients on the STOCK EXCHANGE.
• An issuing house serve as a Financial Advisers to quoted and unquoted companies
• An issuing house serve as a Financial Advisers to government and its institutions seeking to raise additional funds or funds to develop capital projects such as roads, schools, hospitals, infrastructures, etc. from the Capital Market.
• An issuing house serve as a Financial Advisers to stockbrokers or companies that seek to be listed on the floors of the Nigeria Stock Exchange (NSE)

You'll have 60 seconds to answer each question.

Time's Up

Score:

Your fingernails and hair keep growing after you die

Result

Total Questions: 9

Attempt: 8

Correct : 3

Wrong: 5

Percentage: 33%

More post

Abba1

Ralph - O

A lover of tacit change.