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Financial Markets Part II

Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

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Page 1: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Financial Markets Part II

Page 2: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Th

e S

tock M

ark

et

Page 3: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Div

iden

ds

Page 4: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Capit

al G

ain

s

Page 5: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Tota

l R

etu

rn

Page 6: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Init

ial Pu

blic O

fferi

ng

Page 7: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Init

ial Pu

blic O

fferi

ng

Page 8: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Secon

dary

Tra

din

g

Page 9: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Mark

et

Flu

ctu

ati

on

s

Page 10: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Ch

an

gin

g E

xpecta

tion

s

Page 11: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Ch

art

: C

han

gin

g

Expecta

tion

s

B

A

Initial demand for stock

New demand for stock

Quantity of Stock (shares per day)

Pri

ce (dollars

per

sh

are

)

New supply of stock

Initial supply of stock

Page 12: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Th

e V

alu

e o

f In

form

ati

on

Page 13: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Boom

s a

nd B

usts

Page 14: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Boom

s a

nd B

usts

Page 15: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Boom

s a

nd B

usts

Page 16: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Resou

rce A

llocati

on

s

Page 17: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Th

e B

on

d M

ark

et

Page 18: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Th

e B

on

d M

ark

et

Page 19: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d I

ssu

an

ce

Page 20: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d I

ssu

an

ce

Page 21: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d I

ssu

an

ce

Page 22: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d I

ssu

an

ce

Page 23: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d T

radin

g

Page 24: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d T

radin

g

Page 25: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d T

radin

g

Page 26: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Bon

d T

radin

g

Page 27: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Cu

rren

t Y

ield

s

Page 28: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Ch

art

: S

hift

in F

un

ds

Su

pply

Quantity of Funding (millions of dollars per year)

Inte

rest

Rate

(perc

en

t per

year)

A

B

Initial supply of loanable

funds

Later supply

16

10

Page 29: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

Ven

ture

Capit

alists

Fin

an

cin

g T

om

orr

ow

’s

Pro

du

cts

Page 30: Financial Markets Part II - AMY S. GLENN WEBSITE MARKETS PART II.pdf · directly into the corporation's accounts. As new owners, they stand to ... institution wants ... funds rather

THE END