What is European equity?
Correct answer: C. A share issued simultaneously in different stock markets
- A. A stock or share
- B. A bond denominated in a currency that is alien to a substantial proportion of the underwrites through whom it is distributed and sold
- C. A share issued simultaneously in different stock markets
- D. A financial contract that derives its value from an underlying asset
Explanation
European equity, or euro-equity, refers to shares issued simultaneously in more than one national stock market. It differs from a eurobond, which is debt denominated in a currency different from that of the country where it is issued.
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