1. All markets have certain characteristics in common, whether its stocks, bonds, commodities or some of the less liquid asset markets, such as artwork. Please state what you think are the three most important and why.(The why is more important than the actual characteristics). These characteristics are liquidity, transparency, and regulation. You can throw in wealth.

2.From the perspective of an operating corporation which could be both an investor and an issuer, what are the major differences between real and financial assets? Make sure that your answer addresses this question from the perspective of the companys balance sheet.

3. The advantages of owning common stock are very similar to the disadvantages. Discuss the advantages and disadvantages of common stock ownership relative to other investment alternatives, focusing on no more than three such characteristics.

4.You purchased a semi-annual pay zero-coupon bond with a two-year final maturity. The yield to maturity that you realized on the purchase is 10%, What price did you pay for the security assuming that the transaction had to be paid for on the same day that you agreed to purchase the bond. (That is called a cash settlement). At the end of one year, you become worried about the issuers credit quality, so you decide to sell the bond. The market yield that you realized on sale was 15%. What price were you paid for the bond? Again, assume a cash trade. By holding this bond for one year, how much money did you make? How much of those funds were interest and how much was the return of principal upon the sale?

Please answer as many questions as you can this would be greatly appreciated! Please explain your answer as in-depth as possible