What is the purpose or rather the benefit for a company to convert its shares into stock and vice versa??
Jinesh
(Student)
(37 Points)
Replied 16 November 2008
| Originally posted by :Dave | ||
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What is the purpose or rather the benefit for a company to convert its shares into stock and vice versa?? Generally shares are denominated in whole numbers but stocks may be denominated in Fractional Numbers. Sumtimes stocks are in fixed numbers or lot size in fixed in stocks but in shares you can buy for single shares also. |
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