September 21, 2000 - Newswire Release

Making cents: The New York Stock Exchange’s switch from pricing in dollars and fractions to dollars and cents is a positive development for investors, says Paul Schultz , John W. and Maude Clarke Professor of Finance at Notre Dame. “The change will make it easier for investors to follow stocks because the prices are easier to understand,” he said. “More importantly, the smallest price increment will now be 1 cent rather than one-sixteenth of a dollar. This may lower trading costs, especially for small investors.”p.

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