Faculty Sites

Michael A. Goldstein

Spring 2025 | FIN 3560

Financial Markets and Instruments

    1. 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

    2. Suggested Questions from the end of the Chapters

    3. Wall Street Journal — please read every day

    4. Powerpoints — Available on the CANVAS site

    5. Solutions Manual — Available on the CANVAS site

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

    7. Duration Spreadsheet Example

    8. Duration Timing and Values
      1. 2025 Duration Spreadsheet — Timing
      2. 2025 Duration Spreadsheet — Timing and Percent Change
    9. 2025 Treasury Bill example
      1. Treasury bill auction result
      2. Treasury Bill price
      3. Treasury Bill Spreadsheet
    10. Mortgages:
      1. Paul and Gianna get married — Mortgage Example
      2. Mortgage points — Chapter 7 mortgage points example
    11. 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

    12. Instructions for Second Midterm (Paper)

    13. Sample Second Midterm Papers:  2013 and 2012

    14. Appendices — Available on the CANVAS site

    15. What you need to know

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

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