Comment: The Stock Market: Come Considerations of Its Future Structure

William C. Freund

Journal of Financial and Quantitative Analysis, 1974, vol. 9, issue 5, 843-845

Abstract: Professor Mendelson's interesting paper reaches one conclusion with which I have no quarrel. Under his “most likely” future scenario, he argues for the need for the individual investor in the stock market to enhance the external equity capital-raising abilities of corporations. However, on the way to that conclusion, he dispenses a number of inconsistencies and confusing points.

Date: 1974
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