Principles of Finance · 免费预览
市场、参与者与金融工具
一级市场出售新证券，二级市场交易已有证券；交易商以自有持仓报出买入价和卖出价，经纪人则撮合买卖双方；金融中介机构引导资金流动；金融工具涵盖货币市场与资本市场的债权。
1. Primary and secondary markets
Primary and secondary markets
2. Dealers and brokers
Dealers and brokers
3. Financial intermediaries and why they exist
Financial intermediaries and why they exist
4. Financial instruments from money market to capital market
Financial instruments from money market to capital market
5. New versus used securities
A technology firm sells shares to the public for the first time and receives the proceeds. Which market is this transaction occurring in?
6. Dealer versus broker
Which statement correctly distinguishes a dealer from a broker?
7. The bid-ask spread
A dealer quotes a bid price of 49 dollars and an ask price of 50 dollars for a security. What does the spread represent?
8. Maturity transformation
Which example best illustrates maturity transformation by a financial intermediary?
9. Classifying the instrument
A large corporation needs cash for ninety days to cover a seasonal inventory buildup. Which instrument fits the need, and in which market does it trade?
10. Derivatives defined
What defines a derivative financial instrument?
11. The two segments of the secondary market
Secondary markets are divided into two segments, one dominated by brokers and one by dealers. Name the dealer-dominated segment in lowercase.
12. The first public share sale
What three-letter acronym names the event when a firm sells shares to the public for the first time? Write the acronym.
13. The spread's two prices
A dealer's quote has two prices, the bid and the what? Answer with one word.
14. Short-term instrument market
What two-word term names the market for debt instruments maturing in one year or less? Write it in lowercase.