Keywords: Decimalization
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Journal Articles
Studies in Economics and Finance (2002) 20 (2): 1–18.
Published: 01 February 2002
... percentage tick sizes are not associated with higher turnover. We consider the implications of these findings for the recent decimalization of stock trading in the United States, and conclude that decimal trading is likely to result in lower stock prices (due to stock splits) with no substantial change...

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