Q140
The market price of a share of common stock is determined by ___________.
A.
the board of directors of the firm
B.
the stock exchange on which the stock is listed
C.
the president of the company
D.
individuals buying and selling the stock
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The market price of a share of common stock is determined by individuals buying and selling the stock. The market value per share or fair market value of a stock is the price that a stock can be readily bought or sold in the current market place.