Discusstheadvantagesanddisadvantagesofbondsandsharesinvestmenttoaninvestor.
更新时间： 2025-08-25 09:48:11
8人问答
问题描述：
Discusstheadvantagesanddisadvantagesofbondsandsharesinvestmenttoaninvestor.
董大明回答：
Bonds:MakingaloantoacorporationBonds-Advantages:1.Fixedreturnoninvestments-"couponrate".2.Higherinthecreditors'hierarchyascomparedtoshareholder,lowerriskofinvestment.3.Although...
申满斌回答：
谢谢啊，还有个问题Whatisthegoalofafirm?Discusshowisthegoalcanbringsafirmtowardsalongtermsurvival.
董大明回答：
Goalofafirm:maximizationofshareholder'swealth.Discussion:Shareholder'swealthcanbegeneratedintermsofdividendpayoutandcapitalgain.Capitalgainisreflectedinshareprice.Potentialfuturedividendpayoutisalsoreflectedintheshareprice.Therefore,maximizationofsharepriceisasubstitutegoalofmaximizationofshareholder'swealth.Sharepriceisthepresentvalueoffuturenetcashinflowsgeneratedbythefirm.Italsoreflectedthemarketvaluationofthelongtermprospectsofthefirm.Therefore,maximizationofsharepricewillbringsafirmtowardsalongtermsurvival.Somefirmadoptprofitmaximizationasthegoal.Butprofitcanbemanipulatedandisonlyreflectiveoftheshorttermfinancialposition.Profitmaximizationmayleadtoshortsighteddecisionsattheexpenseoffirm'slongtermsuccess.Therefore,profitmaximizationalongwillnotbringthefirmtowardslongtermsurvival.
申满斌回答：
还有些问题，麻烦你了谢谢。Discussthetwomajortypesoffinancialmarkets.Explainwhatisacentralbankanditsfunctioninensuringstabilityinaneconomy.Explaintheimportantfunctionsoffinancialintermediariesintheeconomy.Byusingexamples,discussanytwo(2)ofbankingintermediariesandnon-bankingintermediaries.Verythanksforyou!
董大明回答：
我说兄弟你太狠了点，这么多题啊。我就总结要点吧。1.Discussthetwomajortypesoffinancialmarkets.a.Capitalmarkets:-Sourceoflonger-termfinance,mainlyviaastockexchange.-Themajortypesofsecuritiesdealtoncapitalmarketsareasfollows:•publicsectorandforeignstocks•companysecurities•Eurobonds-Includeordinaryshares,longtermdebenture,preferenceshare,etc.b.Moneymarkets:-Sourceofshort-termfunds,transactionsconductedbyphoneortelex.-Itisnotonesinglemarketbutanumberofclosely-connectedmarkets.-Includeleasing,andshorttermfundingsuchastradecreditandoverdraft,etc.2.Explainwhatisacentralbankanditsfunctioninensuringstabilityinaneconomy.Thecentralbankhasbeendescribedas"thelenderoflastresort",whichmeansthatitisresponsibleforprovidingitseconomywithfundswhencommercialbankscannotcoverasupplyshortage.Inotherwords,thecentralbankpreventsthecountry'sbankingsystemfromfailing.However,theprimarygoalofcentralbanksistoprovidetheircountries'currencieswithpricestabilitybycontrollinginflation.Acentralbankalsoactsastheregulatoryauthorityofacountry'smonetarypolicyandisthesoleproviderandprinterofnotesandcoinsincirculation.Acentralbankcanbesaidtohavetwomainkindsoffunctions:(1)macroeconomicwhenregulatinginflationandpricestabilityand(2)microeconomicwhenfunctioningasalenderoflastresort.3.Explaintheimportantfunctionsoffinancialintermediariesintheeconomy.-Riskdiversification(throughportfolioinvestment)-Aggregationeffect(increasecostefficiencythrougheconomiesofscale)-Maturitytransformation(todealwithliquidityproblembymakinguseofthematuritygap)-Hedging-Formingamarket-Providingexpertiseadviceandthirdpartyfinancialconsultationservices第四条写不下去啦，回复有字数限制。你重新开个问题吧。
英语推荐
英语推荐
最新更新
精品分类
优秀英语推荐
热门英语