1. Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 7 “How do financial markets work?” 卜安吉

2. Sept. 25, 2012Financial Institutions & Markets, Day 72 The NASDAQ An OTC market:  Over the Counter market  No PHYSICAL place  Operates by matching the bid and asked prices on computer systems NASDAQ: National Association of Securities Dealers Automated Quotron system

3. Sept. 25, 2012Financial Institutions & Markets, Day 73 Sources for stocks: Yahoo! Finance Marketwatch.com Wall Street Journal Bloomberg.comMorningstar.com

4. Sept. 25, 2012Financial Institutions & Markets, Day 74 TREASURY TIDBITS! $16,016,101,949,370.06 $16,016,101,949,370.06 –- U.S. Debt to the Penny as of 9/21/2012. July 2012: July 2012: Top Three holders of U.S. Treasuries Top Three holders of U.S. Treasuries – China $ 1149.6 billion – Japan $ 1117.1 billion – Oil Exporters $ 262.3 billion  http://www.treas.gov/tic/mfh.txt http://www.treas.gov/tic/mfh.txt http://www.treasurydirect.gov/NP/BPDLogin?application=np

5. Sept. 25, 2012Financial Institutions & Markets, Day 75 TREASURY TIDBITS! $16,016,101,949,370.06 $16,016,101,949,370.06 –- U.S. Debt to the Penny as of 9/21/2012. Breakdown of U.S. Treasury Debt Breakdown of U.S. Treasury Debt – Debt Held by Public $ 11,253,321,189,602.66 – Intergovernmental $ 4,762,780,759,767.40  Social Security Surplus mostly http://www.treasurydirect.gov/NP/BPDLogin?application=np

6. Sept. 25, 2012Financial Institutions & Markets, Day 76 Later … Calculations of stocks. Calculations of stocks. Valuations for stocks Valuations for stocks