chapter 19 - Chapter 19:Managing Financial Resources The...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 19:Managing Financial Resources The Function of Securities Markets Initial public offering (IPO)- the first public offering of a corporations stock Secondary market- handles the trading of securities between investors, with the proceeds of a sale going to the investor selling the stock is sold The Role of Investment Bankers Investment bankers- spets who assist in the issue and sale of new securities Institutional investors- large organizationssuch as pension funds , mutual funds, insurance companies, and banksthat invest their own funds or the funds of others Debt Financing by Selling Bonds Bond- a corporate certificate indicating that a person has lent money to a firm Learning the Language of Bonds Interest- the payment the issuer of the bond makes to the bondholders for use ooof thhhe borrowed money Demonination- the amount of debt represented by one bond Principal- face value of a bond Maturity date- the exact date the issuer of a bond must pay the principal to the...
View Full Document

This note was uploaded on 03/20/2008 for the course BINT 101 taught by Professor Lifton during the Fall '07 term at Ithaca College.

Page1 / 3

chapter 19 - Chapter 19:Managing Financial Resources The...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online