Professor Mark J. Perry's Blog for Economics and Finance
Stock prices are quoted on the London Stock Exchange in British "pence" and not British "pounds." For example, British Airways is trading at about 457.75, which is 457.75 pence and not 457.75 pounds.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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