Latest / How Canadian Markets Work
Episode 47: What You Own When You Own a Share
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Episode Summary When you buy a stock, what do you actually buy? You cannot walk into a bank branch and walk out with one of their office chairs, nor can you demand your share of the cash in their vault. In fact, the company legally owes you nothing and can stop paying dividends tomorrow. This episode kicks off our equities season by looking at what a common share actually is, the powerful legal innovation of limited liability that makes stock markets possible, and how corporate debt acts…
The skinny
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