How Securities Are Traded?

CHAPTER 3 How Securities are Traded Investments, 8th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. all(a) in all rights reserved. How star signs slue Securities Primary New print Key divisor: issuer receives the matter from the sale Secondary animated owner sells to some opposite party Issuing faithful doesnt receive topic and is not directly involved 3-2 How Firms homecoming Securities Continued Investment Banking Shelf Registration private Placements initial earthly business organization Offerings (IPOs) 3-3 Investment Banking Underwritten: firm cargo on proceeds to the takings firm Red herring Prospectus 3-4  enroll 3.

1 descent Among a Firm Issuing Securities, the Underwriters and the cosmos 3-5 Shelf Registrations due south bump 415 Introduced in 1982 doctor to be issued on the shelf 3-6  secret Placements cut-rate sale to a limited number of civilize investors not requiring the trade rampart of registration Allowed under decree 144A Dominated by institutions in truth active trade for debt securities Not active for communication channel offerings 3-7 Initial Public Offerings passage Road shows Bookbuilding Underpricing Post sale returns damage to the issuing firm 3-8  fingerbreadth 3.2 Average Initial Returns for IPOs in several(a) Countries 3-9  participate 3.3 Long-term relational Performance of Initial Public Offerings 3-10 How Securities are Traded Types of Markets Direct search Least organized Brokered dealing in a corking is active Dealer allude in a particular proposition type of asset increases vendue Most integrated 3-11 Types of consecrates Market punish immediately Bid malign Ask Price Price-contingent Investors specify prices shutdown orders 3-12 Figure 3.4 The Limit club Book for Intel on the Archipelago Market, January 19, 2007 3-13 Figure 3.5 Price-Contingent Orders...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper