Web Links

Marginal URLs:

• p. 566: 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. 568: Go to http://www.federalreserve.gov/releases/h15/ for Federal Researve data on U.S. interest rates.
• p. 570: 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. 574: Go to http://www.sec.gov/ to explore how the U.S. Securities and Exchange Commission seeks to prevent the use of inside information.

• For a description of Bowie bonds, use the link available at http://projects.exeter.ac.uk/RDavies/arian/bowiebonds.html.
• To learn more about SellaBand, go to http://www.sellaband.com/.

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: How a Stock Is Bought and Sold

Navigation: Follow the link http://www.nyse.com to visit the New York Stock Exchange. Click "About us" in the left margin for pop-up menu and then click on Education. Select the tab named Educational Materials. Under "Publications for Investors," click on How a Stock Is Bought and Sold. Read the article.

Application: Answer the following questions.

1. Why might companies contemplating issuing stock value the relatively low costs of trading shares on the New York Stock Exchange?
2. Why might people who buy and sell stocks value the relatively faster speeds of trade execution that the NYSE has achieved in recent years?