Business
2-4 Why do you think most secondary- market trading in blurred in bonds takes place over the counter?
2-5 What is an investment banker and what major functions does her or she perform?
2-6 What is the major difference between a negotiated purchase and a competitive bid purchase?
2-7 Why is an investment- banking syndicate formed?
2-8 Why might a large corporation want to raise long-term capital through a private placement rather than a public offering?
2-11 Explain the term opportunity cost with respect to the cost of funds to the firm?
2-13 Explain the impact of inflation on rates of return?
2-14 Define the term structure of interest rates?