John took a call from a customer who wanted to purchase 1,000 shares of a company’s stock, which just went public. What is John’s profession?
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John's profession is financial services sales agent. In other terms, he is known as a stockbroker.
Explanation:
- Stockbroker plays the role of a middle man. They help or aid in the purchase and trade of shares and stocks.
- They are at times hired by investors. Contrary to the popular belief, stockbrokers do not make millions and they tend to struggle a lot to make ends meet until they find a good deal.
- To buy back a sold stock one has to wait around 60 days.
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