Financial Markets
Discover the fundamental principles of financial markets, such as understanding sources of capital, stocks, bonds, and other investment options, as well as how to evaluate return, risk, and present discounted value.
Introduction to Financial Markets
Early Stage Financial Capital
Profits As a Source of Financial Capital
Borrowing: Banks and Bonds
Corporate Stock and Public Firms
How Firms Choose Between Sources of Financial Capital
Key Concepts and Summary
How Households Supply Financial Capital
Expected Rate of Return, Risk, and Actual Rate of Return
Bank Accounts
Bonds
Stocks
Mutual Funds
Housing and Other Tangible Assets
The Tradeoffs Between Return and Risk
Key Concepts and Summary
Why It is Hard to Get Rich Quick
Getting Rich the Slow, Boring Way
How Capital Markets Transform Financial Flows
Key Concepts and Summary
Present Discounted Value
Applying Present Discounted Value to a Stock
Applying Present Discounted Value to a Bond
Other Applications