2 and 5

listing requirements 461 Sarbanes-Oxley Act of 2002 469 DISCUSSION QUESTIONS 1. In addition to U.S. corporations, what government groups compete for funds in the U.S. capital markets? (LO14-2) In which foreign industry has privatization been most important? (LO14-1) How does foreign investment help the U.S. government? (LO14-1) What is a key tax characteristic associated with state and local (municipal) securities? (LO14-2) What are three forms of corporate securities discussed in the chapter? (LO14-2) Do corporations rely more on external or internal funds as sources of financing? (LO14-2) Explain the role of financial intermediaries in the flow of funds through the three-sector economy. (LO14-3) What are electronic communication networks (ECNs)? Generally speaking, are they currently part of the operations of the New York Stock Exchange and the NASDAQ Stock Market? (LO14-4) Why is secondary trading in the security markets important? (LO14-4) How would you define efficient security markets? (LO14-5) The efficient market hypothesis is interpreted in a weak form, a semistrong form and a strong form. How can we differentiate itsvrious forms 1014.5) 2. 3. 5. 6. 7. 8. 9. 10. 11