A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a ____________
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Correct Answer: Option D
Explanation:
A stag is a speculator who applies for or buys new shares with the intention of selling them shortly afterwards at a profit, usually when the shares rise in value. The aim is to benefit from the difference between the purchase and resale prices.
A stag is a speculator who applies for or buys new shares with the intention of selling them shortly afterwards at a profit, usually when the shares rise in value. The aim is to benefit from the difference between the purchase and resale prices.