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stock wikipedia capital fixed financial markets public yield debt exchange derivatives otc non money trading finance business entity paid creditors assets may value types shareholder means financing price share arbitrage edit time amount certain commonly known par issue sell jurisdictions represented however often called fraction ownership different privileges certificate legal owned class used one company united bonds securities typically takes common preferred voting rights legally dividend convertible option number usually preference equity parties underlying futures main index individual contracts buyer obligation buy seller short cash call black scholes model during private large counter companies edward states book first bubble dutch joint building example corporation selling purchase case stringham laws shows loss including owns traded listed expected board directors direct interest organization best themselves between majority held terms owners part publicly – way result itself stockholders management investor agent percentage sale major day broker list listing requirements quotation electronic bank basis american trader directly service buying full discount least initial offering transaction earnings theory supply demand fundamental analysis customer satisfaction moment float same equilibrium emh greater investments rational efficient information professional discrepancies hypothesis oxford dictionary http retrieved cambridge investing open ratio