Web Links

Marginal URLs:

• p. 559: Go to http://www.irs.gov/taxstats/article/0,,id=117514,00.html for a link to Internal Revenue Service reports on U.S. annual revenues and expenses of proprietorships, partnerships, and corporations based on tax returns. Click on recent quarters and choose relevant reports.
• p. 562: Go to http://www.federalreserve.gov/releases/h15/ for Federal Researve data on U.S. interest rates.
• p. 563: Go to http://support.mfm.com/support/manuals/ebrd/EBRDm177.htm to utilize an MFM Communication Software, Inc. manual providing additional review of present value.
• p. 568: Go to http://www.sec.gov/ to explore how the U.S. Securities and Exchange Commission seeks to prevent the use of inside information.

• To learn more about the NYSE, use the link available at http://www.nyse.com/about/.
• For additional discussion of factors explaining the rise in the price of a seat on the NYSE, go to http://www.bloomberg.com/apps/news?pid=10000151&sid=a8J8ANvq5JoQ&refer=market_insight.

How the New York Stock Exchange Operates

This application gives you the chance to learn about how the New York Stock Exchange functions.

Title: The New York Stock Exchange: Market Quality

Navigation: Use http://www.nyse.com/ to visit the New York Stock Exchange. In the left margin in the pop-up menu select "Market Information," then click on NYSE Market Quality.

Application: Perform the following operations, and answer the associated questions.

1. Next to "Overview," click on Best Price, and read the article. Why might companies contemplating issuing stock value the relatively low costs of trading shares on the New York Stock Exchange?
2. Now click on Speed/Certainty. Read this article. Why might people who buy and sell stocks value the relatively faster speeds of trade execution that the NYSE has achieved in recent years?