主要的资本市场工是股票.pptVIP

I The Capital Market II The Role of Market Makers 主要的资本市场工具是股票、抵押贷款、公司债券、政府及政府机构债券以及地方政府债券。 The Capital Market Stocks Stocks are equity claims representing ownership of the net income and assets of a corporation 股票：代表对公司净资产和收入的所有权的权益索取权。 the income that stockholders receive is called dividends preferred stock pays a fixed dividend common stock pays a variable dividend depends on the profit left over after preferred stockholders have been paid and retained earnings set aside Stocks Several stock indexes measure the overall movement of common stock prices Dow Jones Industrial Average Standard Poor’s 500 Stock Index 上证综指、深圳成指 Mortgages Mortgages are loans to purchase single- or multiple-family residential housing, land, or other real structures 抵押贷款：用于购买家庭住房、土地或其他不动产，并由该建筑物或土地作为抵押的贷款。 the structure serves as collateral for the loan there are two government-sponsored enterprises that sell bonds and use the proceeds to purchase mortgages Federal National Mortgage Association (Fannie Mae) Federal Home Loan Mortgage Corporation (Freddie Mac) Corporate Bonds Corporate bonds are long-term bonds issued by corporations usually with excellent credit ratings 公司债券：公司发行的长期债务工具。 maturities range from 2 to 30 years the owner receives an interest payment twice a year and the principal at maturity Government Securities government securities are long-term debt instruments with maturities of 2 to up to 30 years 政府债券：政府发放的长期债务工具，期限在2-30年。 issued by the Treasury to finance the deficits of the government notes have an original maturity of 2 to 10 years bonds have an original maturity between 10 and 30 years Government Agency Securities government agency securities are long-term bonds issued by various government agencies some are guaranteed by the federal government and some are not 政府机构债券：由支持不动产借贷及学生贷款的不同政府机构发行的长期债务工具。 State and Local Government Bonds (Municipals) State and local government bonds (municipals) are long-term instruments issued by state and local governments to finan