Week 1- Chapter Finance
Week 1- Chapter Finance Fin 4310
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BUSN 1301 - 006
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This 2 page Class Notes was uploaded by Laura Notetaker on Friday September 11, 2015. The Class Notes belongs to Fin 4310 at University of Texas at El Paso taught by Dr. Oscar Varela in Summer 2015. Since its upload, it has received 26 views. For similar materials see Managerial Finance in Finance at University of Texas at El Paso.
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Date Created: 09/11/15
Chapter 1 What is finance The study of savings into investments Institutions 1790 1792 1817 1863 1848 781889 5261896 1913 1914 1919 1971 2006 2007 2008 20132014 Literature 1958 and 1963 1969 1973 1976 Philadelphia Stock Exchange first stock exchange NYSE used to be called Buttonword Agreement New York Stock Exchange Board New York Stock Exchange Chicago derivative markets Chicago Board of Trade Wall Street Journal Dow industrial average In 1928 there were only 30 companies Chicago Board of Exchange Federal Reserve Chicago Mercantile Exchange NASDAQ becomes the first electronic exchange NYSE went public NYSE bought Euronext NASDAQ bought the Philadelphia Stock Exchange NYSE bought the American Stock Exchange AMEX Intercontinental Exchange ICE bought the NYSE Modigliani and Miller American Economic Review Stoll Journal of Finance Black and Scholes Journal of Political Economy Jesen and Meckling Journal of Financial Economics Borrowing causes the financial leverage to increase but there is more risk for the owners A call right to buy has a higher value because it delays payments A put right to sell delays receipts