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Explanation: The nominal value is the value the share is first issued with. Of course its price then changes as it is traded on the stock exchange. Companies often offer their employees the opportunity to buy shares at nominal value.
Simona de Logu United Kingdom Local time: 18:43 Native speaker of: English, German PRO pts in pair: 34
employees have purchased shares and hold them in their own name,
Explanation: rather than purchasing them through an mutual investment fund.
i.e. the shares are registered in the shareholders' own name. The other system is mutual investment funds purchase the shares and employees would buy fractions or whole shares through the fund.
The shareholder simply requests his/her banker or broker to issue certificates in the shareholder's name. The shareholder can then either hold onto the certificates or deliver them to Equiserve Trust Company, N.A. (formerly known as Fleet National Bank and Bank Boston). The enrollment form can be processed at any time, once the stocks are registered in the shareholder's own name. There are no costs imposed by Kodak or Equiserve Trust Company, N.A. (formerly known as Fleet National Bank and Bank Boston) for transferring shares out of street name; however, the shareholder should checkwith his/her broker or banker to ascertain if any charges will be assessed by that institution.