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This paper will present an overview of the exchanges on which both company’s stock is traded. It will also present characteristics of that particular exchange which may have led the company to be listed there versus another exchange. This summary will also explain the types of securities both Wal-Mart and Target have outstanding, such as the bonds, preferred stock or the common stock and thus will explain the characteristics of those securities and if they have assisted the company in gaining and raising capital. Finally it will explain the purposes of the four basic financial statements: the balance sheet, income statement, statement of retained income, and the statement of cash flow; which are found in each company’s annual report...
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