FINC 409 Lecture Notes - Lecture 1: Investment Banking, Insider Trading, Financial Plan

72 views4 pages

Document Summary

To make informed career decisions based on a basic understanding of business finance. Financial management financial planning, asset management, and fund-raising decisions designed to increase the value of the business. There are six principles of finance: time value of money, the value of the money today is worth a lot less in the future. The value of the money over time: risk versus return, high risk high rewards. b. Information efficient financial market: the prices of securities reflect all information available to the public. This eliminates insider trading: management versus owner objectives, seller wants a high price, buyer wants a low price, reputation (ethical behavior, what is right and wrong in situations that are hard to define. Financial system: policy makers: president, congress, us treasury, federal reserve board, congress and presidents pass laws, congress and president set fiscal policy through taxing and spending decisions, treasury implements these decisions, federal reserve board sets monetary policy.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions