Whats the difference between a stocks current market price and its intrinsic value? Do stocks have known and provable intrinsic values, or might different people reach different conclusions about intrinsic values? Should a firms managers help investors improve their estimates of the firms intrinsic value?

B. What are three techniques stockholders can use to motivate managers to maximize their stocks long-run price? Should managers focus directly on the stocks actual market price or its intrinsic value, or are both important? Explain.

C. Distinguish between physical asset markets and financial asset markets. Whats the difference between spot markets and futures markets? Distinguish between money markets and capital markets. Whats the difference between primary markets and secondary markets? Differentiate between private and public markets. Why are financial markets essential for a healthy economy and economic growth?

D. Whats the difference between a commercial bank and an investment bank? List the major types of financial institutions, and briefly describe the primary function of each. What are some important differences between mutual funds, Exchange Traded Funds, and hedge funds? How are they similar?

E. Whats the difference between a commercial bank and an investment bank? What is an Exchange traded fund and how does it differ from a Mutual Fund or a Hedge Fund?

F. List the major types of financial institutions, and briefly describe the primary function of each. What are some important differences between mutual funds, Exchange Traded Funds, and hedge funds? How are they similar?

G. Whats the difference between a commercial bank and an investment bank? What are some important differences between mutual funds, Exchange Traded Funds, and hedge funds? How are they similar?

H. How bonds are priced from the perspective of the issuers, or investors to maturity perspective? What might be the component of the yield of a shorter term investor in bonds.

Identify and describe the factors that affect bond prices, explain how the sensitivity of bond prices to interest rates depends on particular bond characteristics,

describe common strategies used to invest in bonds.