foundations of financial markets and institutions, 4th ed. prentice hall, 2010
TRANSCRIPT
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 1/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 2/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 3/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 4/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 5/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 6/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 7/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 8/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 9/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 10/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 11/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 12/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 13/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 14/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 15/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 16/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 17/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 18/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 19/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 20/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 21/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 22/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 23/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 24/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 25/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 26/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 27/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 28/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 29/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 30/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 31/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 32/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 33/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 34/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 35/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 36/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 37/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 38/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 39/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 40/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 41/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 42/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 43/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 44/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 45/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 46/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 47/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 48/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 49/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 50/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 51/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 52/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 53/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 54/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 55/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 56/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 57/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 58/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 59/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 60/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 61/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 62/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 63/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 64/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 65/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 66/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 67/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 68/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 69/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 70/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 71/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 72/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 73/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 74/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 75/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 76/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 77/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 78/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 79/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 80/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 81/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 82/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 83/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 84/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 85/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 86/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 87/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 88/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 89/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 90/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 91/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 92/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 93/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 94/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 95/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 96/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 97/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 98/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 99/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 100/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 101/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 102/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 103/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 104/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 105/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 106/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 107/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 108/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 109/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 110/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 111/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 112/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 113/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 114/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 115/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 116/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 117/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 118/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 119/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 120/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 121/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 122/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 123/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 124/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 125/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 126/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 127/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 128/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 129/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 130/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 131/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 132/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 133/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 134/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 135/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 136/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 137/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 138/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 139/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 140/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 141/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 142/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 143/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 144/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 145/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 146/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 147/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 148/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 149/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 150/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 151/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 152/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 153/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 154/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 155/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 156/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 157/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 158/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 159/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 160/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 161/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 162/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 163/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 164/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 165/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 166/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 167/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 168/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 169/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 170/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 171/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 172/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 173/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 174/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 175/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 176/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 177/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 178/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 179/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 180/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 181/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 182/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 183/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 184/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 185/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 186/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 187/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 188/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 189/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 190/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 191/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 192/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 193/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 194/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 195/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 196/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 197/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 198/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 199/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 200/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 201/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 202/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 203/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 204/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 205/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 206/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 207/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 208/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 209/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 210/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 211/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 212/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 213/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 214/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 215/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 216/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 217/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 218/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 219/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 220/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 221/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 222/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 223/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 224/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 225/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 226/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 227/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 228/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 229/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 230/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 231/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 232/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 233/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 234/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 235/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 236/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 237/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 238/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 239/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 240/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 241/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 242/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 243/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 244/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 245/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 246/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 247/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 248/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 249/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 250/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 251/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 252/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 253/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 254/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 255/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 256/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 257/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 258/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 259/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 260/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 261/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 262/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 263/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 264/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 265/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 266/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 267/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 268/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 269/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 270/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 271/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 272/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 273/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 274/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 275/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 276/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 277/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 278/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 279/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 280/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 281/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 282/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 283/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 284/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 285/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 286/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 287/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 288/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 289/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 290/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 291/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 292/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 293/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 294/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 295/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 296/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 297/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 298/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 299/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 300/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 301/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 302/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 303/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 304/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 305/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 306/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 307/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 308/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 309/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 310/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 311/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 312/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 313/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 314/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 315/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 316/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 317/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 318/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 319/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 320/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 321/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 322/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 323/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 324/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 325/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 326/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 327/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 328/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 329/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 330/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 331/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 332/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 333/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 334/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 335/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 336/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 337/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 338/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 339/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 340/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 341/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 342/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 343/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 344/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 345/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 346/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 347/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 348/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 349/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 350/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 351/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 352/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 353/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 354/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 355/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 356/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 357/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 358/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 359/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 360/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 361/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 362/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 363/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 364/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 365/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 366/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 367/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 368/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 369/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 370/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 371/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 372/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 373/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 374/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 375/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 376/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 377/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 378/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 379/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 380/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 381/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 382/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 383/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 384/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 385/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 386/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 387/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 388/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 389/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 390/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 391/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 392/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 393/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 394/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 395/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 396/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 397/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 398/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 399/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 400/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 401/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 402/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 403/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 404/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 405/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 406/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 407/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 408/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 409/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 410/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 411/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 412/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 413/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 414/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 415/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 416/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 417/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 418/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 419/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 420/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 421/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 422/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 423/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 424/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 425/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 426/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 427/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 428/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 429/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 430/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 431/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 432/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 433/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 434/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 435/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 436/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 437/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 438/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 439/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 440/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 441/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 442/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 443/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 444/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 445/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 446/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 447/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 448/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 449/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 450/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 451/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 452/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 453/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 454/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 455/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 456/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 457/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 458/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 459/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 460/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 461/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 462/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 463/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 464/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 465/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 466/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 467/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 468/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 469/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 470/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 471/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 472/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 473/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 474/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 475/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 476/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 477/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 478/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 479/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 480/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 481/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 482/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 483/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 484/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 485/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 486/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 487/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 488/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 489/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 490/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 491/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 492/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 493/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 494/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 495/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 496/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 497/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 498/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 499/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 500/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 501/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 502/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 503/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 504/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 505/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 506/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 507/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 508/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 509/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 510/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 511/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 512/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 513/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 514/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 515/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 516/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 517/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 518/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 519/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 520/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 521/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 522/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 523/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 524/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 525/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 526/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 527/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 528/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 529/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 530/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 531/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 532/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 533/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 534/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 535/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 536/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 537/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 538/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 539/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 540/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 541/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 542/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 543/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 544/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 545/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 546/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 547/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 548/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 549/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 550/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 551/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 552/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 553/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 554/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 555/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 556/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 557/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 558/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 559/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 560/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 561/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 562/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 563/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 564/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 565/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 566/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 567/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 568/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 569/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 570/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 571/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 572/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 573/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 574/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 575/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 576/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 577/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 578/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 579/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 580/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 581/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 582/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 583/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 584/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 585/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 586/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 587/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 588/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 589/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 590/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 591/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 592/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 593/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 594/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 595/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 596/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 597/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 598/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 599/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 600/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 601/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 602/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 603/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 604/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 605/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 606/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 607/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 608/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 609/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 610/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 611/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 612/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 613/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 614/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 615/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 616/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 617/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 618/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 619/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 620/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 621/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 622/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 623/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 624/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 625/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 626/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 627/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 628/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 629/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 630/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 631/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 632/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 633/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 634/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 635/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 636/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 637/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 638/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 639/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 640/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 641/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 642/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 643/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 644/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 645/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 646/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 647/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 648/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 649/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 650/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 651/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 652/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 653/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 654/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 655/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 656/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 657/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 658/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 659/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 660/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 661/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 662/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 663/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 664/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 665/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 666/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 667/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 668/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 669/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 670/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 671/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 672/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 673/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 674/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 675/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 676/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 677/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 678/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 679/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 680/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 681/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 682/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 683/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 684/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 685/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 686/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 687/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 688/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 689/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 690/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 691/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 692/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 693/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 694/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 695/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 696/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 697/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 698/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 699/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 700/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 701/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 702/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 703/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 704/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 705/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 706/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 707/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 708/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 709/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 710/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 711/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 712/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 713/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 714/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 715/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 716/717
8/15/2019 Foundations of Financial Markets and Institutions, 4th Ed. Prentice Hall, 2010
http://slidepdf.com/reader/full/foundations-of-financial-markets-and-institutions-4th-ed-prentice-hall-2010 717/717