FIN 3560

Financial Markets and Instruments

1. About the Course (Description, Syllabus, Schedule, etc.) — as of  November 28, 2021.       FINAL EXAM date is MONDAY, December 13 from 3:30 to 5:30 pm in Tomasso 202

2. Textbook:  Saunders/Cornett/Erhemjamts — Financial Markets and Institutions, 8th Edition, McGraw Hill 

3. Suggested Questions from the end of the Chapters

4. Wall Street Journal — please read every day

5. Powerpoints — Available on the CANVAS site  

6. Solutions Manual — Available on the CANVAS site

7. Student notes from years ago (but still might help)

8. Duration Spreadsheet Example

9. Paul and Gianna get married — Mortgage Example

10. Sample Questions

    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

11. Instructions for Second Midterm (Paper)

12. Sample Second Midterm Papers:  2013 and 2012

13. Appendices — Available on the CANVAS site

14. What you need to know

    •    Entire Course and Partial Answers

    •    Second Day and Answers

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

16. OLD Sample Press related to topics in this class:

1. Public Pricing of US Derivatives Nears, Threatening Bank Dominance, Reuters (Wednesday, Nov. 21, 2012)

2. Why High Frequency Trading Doesn’t Compute, Barron’s, (August 13, 2012)

3.  Risk Controls and Knight Capital, Reuters, (August 3, 2012)

4. SEC and NYSE data probe, Reuters, (August 6, 2012)

5. What is going on?  See News Hour with Jim Leher (Tuesday, January 22, 2008)

6. What about Diversification?  See News Hour with Jim Leher and Burton Malkiel  (Tuesday, Jan. 22, 2008)

7. What about the dollar?  Listen to me and Robin Young on WBUR/NPR’s Here and Now on Wednesday, Feb. 20, 2008.  Click here for link, then choose “Dollar Days”–or just click to go straight to the real audio clip.  Podcast is here.