Corporations, Shares, and shareholder Rights People who own stock have an equity interest in the organization e f a business has shares of stock it is organized as a corporation rather than a proprietorship or a partnership The shares of some corporations are closely held, while others are publicly held The two types of stock are common stock and preferred stock
Bond Principles: Identification- of Bonds Bonds are identified by issuer, coupon rate, and maturity. The face value of a bond is called its par value. e.g. 5 of \Hertz sevens of 03\(Hertz 7s03) .A legal document called the indenture contains the details of the bond issue