Final answer:
In finance, a stock split increases the number of shares without changing the total value, income stock pays high dividends, growth stock is expected to appreciate in value, common stock grants ownership with voting rights, preferred stock provides dividends without voting rights, and a stockbroker executes stock trades for clients.
Step-by-step explanation:
A stock split is an action taken by a company to divide its existing shares into multiple shares to boost the liquidity of the shares. Although the number of shares outstanding increases by a specific multiple, the total dollar value of the shares remains the same, so the split does not add any real value.
Income stock refers to stocks that regularly pay high dividends relative to their share price and are seen as a stable source of income.
Growth stock represents shares in a company that are expected to grow at an above-average rate compared to other companies in the market.
Common stock is a type of security that signifies ownership in a corporation and represents a claim on part of the company's profits or losses. Owners of common stock exercise control by voting on corporate matters.
Preferred stock is a class of stock with a fixed dividend, paid before any dividends are paid to common stockholders, and which typically does not carry voting rights.
A stockbroker is a professional trader who buys and sells stocks on behalf of clients, typically in exchange for a fee or commission.