BU111 Study Guide - Final Guide: Information Technology, Triple Bottom Line, Walmart
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BU111 Full Course Notes
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Where stocks, bonds and other securities are sold. Primary markets are first place businesses must go when they want to offer new securities which consists of new bonds/ stocks so they can expand. Ose monitors and allows new companies to issue stocks after monitoring their company: investment bankers provide three important services, advice, buy securities from corporations, create a distributing network. Secondary markets --- once these securities get to one of us that point on it is now in a secondary market: toronto stock exchange. Once again must receive permission before trade stocks. They can also trade over the counter harder, not visible. Represents debt for issuing corporation or government. Characteristics: legal, binding agreement, fixed rate of return (often paid semi-annually) With a bond the coupon/interest rate is on the face value itself that means every year in interest 5% of the for 5 years. Not compounded every six months: fixed term.
