1. Foreign stock markets. Explain why firms may issue shares in foreign markets. Why might MNCs issue more shares in Europe since the conversion to a single currency in 1999?
2. Stock market integration. Bullet plc, a UK firm, is planning to issue new shares on the London Stock Exchange this month. The only decision still to be made is the specific day on which the shares will be issued. Why do you think Bullet monitors results of the Tokyo stock market every morning?