Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-1 Bodie Kane Marcus Perrakis.

Slides:



Advertisements
Similar presentations
Investments, 8 th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights.
Advertisements

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 16-1 Chapter 16.
Essentials of Investments © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Fourth Edition Irwin / McGraw-Hill Bodie Kane Marcus 1 Chapter 1.
Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill /Irwin Chapter One Introduction.
© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Introduction To Corporate Finance Chapter One.
INVESTMENTS Kane BodieMarcus Fourth Edition. The Investment Environment Chapter
Key Concepts and Skills
McGraw-Hill/Irwin © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. CHAPTER 1 Investments - Background and Issues.
Introduction to Financial Management
Lecturer: Dr. Zvi Wiener  Finance and the Financial Manager Principles.
Investments: Background and issues CHAPTER 1. Investments & Financial Assets Essential nature of investment  Reduced current consumption  Planned later.
© 2005 McGraw-Hill Ryerson Limited © 2003 The McGraw-Hill Companies, Inc. All rights reserved.
Spring-03 Investments Zvi Wiener Investments, BKM Ch 1.
 Finance and the Financial Manager Principles of Corporate Finance Brealey and Myers Sixth Edition Slides by Matthew Will Chapter 1 © The McGraw-Hill.
Introduction to financial management
Introduction to Financial Management
© 2005 McGraw-Hill Ryerson Limited © 2003 The McGraw-Hill Companies, Inc. All rights reserved.
McGraw-Hill © 2004 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1.0 Introduction to Financial Management Chapter 1.
Objectives A. Understand Investments
Chapter 1: Investments - Background and Issues
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 4-1 Chapter 4.
© 2005 McGraw-Hill Ryerson Limited © 2003 The McGraw-Hill Companies, Inc. All rights reserved.
©2007, The McGraw-Hill Companies, All Rights Reserved Chapter One Introduction.
Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill /Irwin Chapter One Introduction.
Chapter 1 Introduction to Financial Management. Key Concepts and Skills Know the basic types of financial management decisions and the role of the financial.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 21-1 Chapter 21.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 3-1 Chapter 3.
Dr. Susan D. Jordan Finance 650 Investments Spring 1999.
Essentials of Investments © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Fourth Edition Irwin / McGraw-Hill Bodie Kane Marcus 1 Chapters 1.
McGraw-Hill © 2004 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1.0 Introduction to Financial Management Chapter 1.
Overview: Investments Investment Process Taxonomy of Financial Assets Players and Vehicles Market Microstructure Recent Trends.
McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. CHAPTER 1 Investments - Background and Issues.
2-1 Copyright © 2006 McGraw Hill Ryerson Limited prepared by: Sujata Madan McGill University Fundamentals of Corporate Finance Third Canadian Edition.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 19-1 Chapter 19.
Chapter 8 An Economic Analysis of Financial Structure.
McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. CHAPTER 1 Investments - Background and Issues.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 17-1 Chapter 17.
Chapter 2 Financial Markets and Institutions
Copyright © 2000 Addison Wesley Longman Slide #14-1 Chapter Fourteen THE THEORY OF FINANCIAL STRUCTURE Part V The Financial Institutions Industry.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 11-1 Chapter 11.
McGraw-Hill/Irwin ©2001 The McGraw-Hill Companies All Rights Reserved Essentials of Corporate Finance RossWesterfieldJordan Third Edition.
Investments, 8 th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights.
©2012 McGraw-Hill Ryerson Limited 1 of 33 Learning Objectives 1.Define primary, secondary, money and capital markets. (LO1) 2.Outline the primary participants.
Chapter 1 Investments - Background and Issues McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. Investments & Financial.
McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1 The Investment Environment.
Class Business Homework – Solution Solution Group debates/presentations Stock-Trak – Clip Clip.
Essentials of Investments © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Fourth Edition Irwin / McGraw-Hill Bodie Kane Marcus 1 Chapter 1.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 14-1 Chapter 14.
McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Investments - Background and Issues.
Essentials of Investments © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Fourth Edition Irwin / McGraw-Hill Bodie Kane Marcus 1 Chapter 5.
The Need for Capital Firms need capital to finance projects or purchase physical assets Investors have more than needed for immediate consumption Transfer.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 6-1 Chapter 6.
Chapter 1 Principles PrinciplesofCorporateFinance Ninth Edition Finance and The Financial Manager Slides by Matthew Will Copyright © 2008 by The McGraw-Hill.
1- 1 CURRICULUM  Introduction: goal of the firm  Financial markets and institutions, accounting and finance  Measuring corporate performance  Long-term.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 5-1 Chapter 5.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 15-1 Chapter 15.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 12-1 Chapter 12.
Chapter 2 Fundamentals of Corporate Finance Fifth Edition Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc.
Chapter 1 Investments: Background and Issues Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 2-1 Chapter 2.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 20-1 Chapter 20.
Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 7-1 Chapter 7.
Copyright © 2006 McGraw Hill Ryerson Limited1-1 prepared by: Sujata Madan McGill University Fundamentals of Corporate Finance Third Canadian Edition.
The Investment Environment
Fundamentals of Corporate Finance
Investments - Background and Issues
Investments - Background and Issues
Investments - Background and Issues
The Investment Environment
Presentation transcript:

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-1 Bodie Kane Marcus Perrakis Ryan

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-2 Chapter 1

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-3 Chapter Summary  Objective: To provide a general overview of the investment environment Short History of Investing The Investment Objective Real vs. Financial Assets Financial System Clients and their Needs The Agency Theory

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-4 Short History of Investing  The Crash of 1929 and the Great Depression  One-day panic in 1987  The ‘technology bubble’ in the nineties and  The ‘bear market’ of the new millennium

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-5 Investments & Financial Assets  Essential nature of investment Reduced current consumption Planned later consumption  Real Assets Assets used to produce goods and services  Financial Assets Claims on real assets

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-6 Financial System Clients and Their Needs  Household Sector Primary Need: Invest Funds  Business Sector Primary Need: Raise Funds  Government Sector Primary Need: Raise Funds  Foreign Sector Primary Need in Canada: Invest Funds

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-7 Role of Financial Assets and Markets  Consumption Timing  Allocation of Risk  Separation of Ownership

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-8 The Financial System and Innovation  Financial Intermediation  Investment Banking and Brokerage Services  Financial Engineering - Pass-through securities - Derivative securities  Responding to Regulation & Taxes - Eurodollars, zeroes, split shares

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-9  Offers opportunities for investors and originators  Changes in financial institutions and regulation  Improvement in information capabilities Securitization

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-10 Repackaging Services of Financial Intermediaries  Bundling and unbundling of cash flows  Slicing and dicing of cash flows  Examples: strips, CMOs, dual purpose funds, principal/interest splits Financial Engineering

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-11  Accusations of inadequate disclosure: Investment dealers Accounting audits Managers Analysts, Auditors …

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-12 Agency Theory – the principal- agent relationship Investors Board of directors Management … and the Agency Problem

Bodie Kane Marcus Perrakis RyanINVESTMENTS, Fourth Canadian Edition Copyright © McGraw-Hill Ryerson Limited, 2003 Slide 1-13 The Right Approach  Diversification Across sectors Across asset classes Across countries (Globalization)  Information and patience

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.