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what is the difference between stock & shares,
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Answer Posted / zac
stock is a bundle of fully paid up shares of public
company.once share certificate is converted into stock
certificate, the stock can then be broken for sale in any
fraction-without any regard to the face value of the
shares.e.g. if a share certificate represents 10 shares of
Rs 10 each, then the owner can sell a definite part of it ,
say 1 share of Rs 10 or 2 shares of Rs 20. but when this
share certificate is converted into stock, the stock
certificate represents stock of Rs 100 which can then be
broken into fraction such as rs 15 or Rs 24 and sold.
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