In this homework, you will find a lot of guided reading questions. That is because this section of the course, Module 3, is focused on providing students background information related to various markets, including Money Markets, Bonds, Mortgages, Stock Markets, Foreign Exchange and Derivatives markets. Do spend some time reading through Chapters 5, 6, 7, and 8 as they are a more important and significant component of this module. Chapters 9 and 10 (Derivatives and Foreign Exchange) will be covered just briefly to give a general overview. In all of the chapters focus on grasping an understanding of the instruments in each market and the participants in each market as that is what matters most.

Question 6, Chapter 8, Stock Markets, Guided Reading, pgs. 240- 247 After having read Chapter 8, Stock Markets, pgs. 240 - 247, explain the difference between nonparticipating preferred stock, cumulative preferred stock, and participating preferred stock.