公司理财ppt16英文-理财(编辑修改稿)

公司理财ppt16英文-理财(编辑修改稿)内容摘要：

m the financial markets. 17 Corporate Finance 169。 Professor HoMou Wu Financial Markets • Primary Market – When a corporation issues securities, cash flows from investors to the firm. – Usually an underwriter is involved • Secondary Markets – Involve the sale of “used” securities from one investor to another. – Securities may be exchange traded or trade overthecounter in a dealer market. 18 Corporate Finance 169。 Professor HoMou Wu Financial Markets Firms Investors Secondary Market money securities Sue Bob Stocks and Bonds Money Primary Market 19 Corporate Finance 169。 Professor HoMou Wu Investment Environment 110 Corporate Finance 169。 Professor HoMou Wu In ve stme nt＝Ac tivities th at sa cr ific e p re sen t co nsum ption fo r fu tur e ( unc er tain ) r ew ar ds. Riskle ss Inve stm ent : (1 ) th e a sset is de fa ult fr ee . (2 ) th e m atu rity of the as set m atc he s the inve stme nt ho riz on o f th e in ve stor . re pr ese nte d by dolla r r etu rn s re pr ese nte d by the ra te o f r etu rn Riskle ss In ve stme nt de als w ith the time va lue of mon ey $100 $110 10 % Two Elements of Investment: Time and Risk 111 Corporate Finance 169。 Professor HoMou Wu Risky Investment and Capital Budgeting Hold ing P。