Fundamentals of Investment Management, 7/e Geoffrey A. Hirt,
DePaul University Stanley B. Block,
Texas Christian University
Security Markets: Present and Future
Chapter Objectives
- Understand the functions of the financial markets.
- Explain the role that the investment banker plays in the distribution of securities.
- Discuss the differences between organized exchanges and over-the-counter markets.
- Understand the impact of electronic markets on the efficiency of the markets.
- Discuss the future outlook for the capital markets.
- Understand the important legislation that affects the operations of the capital markets.
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