1. Financial Algebra
26 April 2018

2. announcements I have physical copies of your last homework assignment
It is due by May 8th
I will not be proctoring next week
I will be finishing this chapter (by Friday)
Grades are mostly updated – I still have to put in the bank accounts grade, so don’t panic
Take-home quizzes are in and some people owe me make-ups
I won’t be here on Monday…but there will b copies of make-up assignments for those that need them

3. announcements
You will be receiving your last take-home quiz on Friday at the end of class
It will be due by May 8th (Seniors, this is the day of your final)
You will not need all of that time (it’s only 10 questions long)
Expect a study guide and/or Quizlet to be prepared for your final exam
It should be done by Friday evening
A link to it will be posted on the website as soon as it is finished

4. Key terms and vocabulary
Bond
Brokerage
Commission
Corporate bond
Coupon payment
Coupon rate
Discount brokerage
Diversification
Face value
Federal agency bond
Full-service brokerage
Institutional investor
Junk bond
Municipal bond
Mutual fund
Publicly traded
Securities and Exchange Commission (SEC)
Security
Treasury bonds

5. Nyse statues
The Bull and The Bear

6. Investor behavior (cont. )
The stock markets do not have insurance on your money
Instead it has a regulator
Securities and Exchange Commission (SEC): This is the regulating body of the stock exchange. It monitors the stock market for discrepancies and fines offenders
Real-world example: Wells Fargo  currently under investigation for 401(k) investment practices

7. Stock transactions
Brokerage: A firm that provides you access to the stock markets
Buying or selling stocks will require you to open an account at a brokerage
Full service brokerage: These are firms which provide advice and execute your trades
Such firms offer a high level of service and charge customers a commission
Commission: The fee someone charges for carrying out a transaction
Discount brokerage: A firm that offers a reduced level of service, lower costs, and often the ability to make your trades yourself online