Q56
A speculator who applies for new share is ________.
A.
a stag
AnswerB.
middle man
C.
jobber
D.
lame duck
Answer: Option A
Solution
Answer: Option A
Solution:
A speculator who applies for new share is a stag. An investor or speculator who subscribes to a new issue, expecting the price of the stock to rise immediately upon the start of trading is known as a stag. The sole aim of a stag is to sell the shares soon after allotment to realise a quick profit.