Question

The company Alexco just hired a new employee named Joy. As part of her signing bonus, Joy received 20 shares of Alexco stock. Over the year coming year Joy watches the value of her shares go up (and sometimes down) on the NASDAQ. The company, Alexco, must be?

Answer 1

a public company

Step-by-step explanation:

The company, Alexco where Joy was hired was a public company. Joy received 20 shares of Alexco stock as signing bonus.

A public company is one which sells its own registered shares or stocks to the public in general. Whereas a private company sells its shares only to the willing investors. In public company, the equities are traded by the normal public. Their shares are widely distributed.

Thus the company where Joy joined is a public company.