Fin 3560 Financial Markets and Instruments 2025

About the Course: (Description and Syllabus as of 8 Jan 2025, Updated Schedule, etc.)  Textbook:  Saunders/Cornett/Erhemjamts — Financial Markets and Institutions, either the 2024 edition or the 8th Edition, McGraw Hill

Suggested Questions from the end of the Chapters

Wall Street Journal — please read every day

Powerpoints — Available on the CANVAS site

Solutions Manual — Available on the CANVAS site

Student notes from years ago (but still might help)

Duration Spreadsheet Example

1. 2025 Duration Spreadsheet — Timing
2. 2025 Duration Spreadsheet — Timing and Percent Change

1. Treasury bill auction result
2. Treasury Bill price
3. Treasury Bill Spreadsheet

1. Paul and Gianna get married — Mortgage Example
2. Mortgage points — Chapter 7 mortgage points example

1. Investopedia:  Dow Divisor
2. SP Global:  How the Dow works
3. Wikipedia:
   1. Dow Jones Industrial Average
   2. Calculation of the Dow Jones Industrial Average (and the value of the divisor)

1.  Forward Rate and EAR questions (Quick Problem Set 1) and Answers

2.  Limit Order Book and Answers

3. More Cumulative Depth and Effective Spread questions (with answers)

4. Sample stock and bond questions and Answers (for question #5, you just need to assume that g=5%. We didn’t cover that g=ROE*Plowback)  Also, the answer to #8 is $976.4801744.

5. Bond and FX Problems and Answers

6. Sample Final Questions

7. Sample Limit Order Books from October 2nd class:  Section 1 and Section 2

8. Equity Change for a Bank with 5 yr amortizing loan

Instructions for Second Midterm (Paper)

Sample Second Midterm Papers:  2013 and 2012

Appendices — Available on the CANVAS site

What you need to know

•    Entire Course and Partial Answers

•    Second Day and Answers

MetLife, Citigroup, and their Duration Gap and interest rate changes