Class Notes (839,473)
United States (325,991)
Economics (213)
ECON-UA 2 (82)
Lecture

Day 23 (5/1/14)

3 Pages
36 Views

Department
Economics
Course Code
ECON-UA 2
Professor
Marc Lieberman

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Description
Day 23 5114BondsContinuedSuppose after you buy the bond we were talking about before r falls to 5So now PV100001059524You have now experienced profit because you can sell the bond for more moneyWhen interest rates go up price of bonds go down and when rates go down bond prices go upCoupon Bond233Amazon will pay to PV5001150011500111000011owner on May 1 87572017 10000May 1 May 1 May 1 201720162015500500500StocksMarketWhat is a share of stock Share of ownership in a corporationShareholders vote in a board of directors and thus exercise controlOwnership gives control and profit after corporation profit taxthis does not
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