Across
- 1. - Field of study that applies psychology to understanding financial decision-making
- 7. - Return on an investment in excess of the risk-free rate of return
- 14. - Certificates representing ownership of foreign stocks traded on US exchanges
- 16. - Method used to sell securities to investors at a set price
- 17. - Risk that changes in interest rates will affect the value of a security
- 19. - Sale of a security that the seller does not own, with the hope of buying it back at a lower price in the future
- 20. - Phenomenon where stock prices tend to rise in January
- 23. - Financial instrument used to hedge against credit risk
- 25. - Securities that do not pay periodic interest
- 26. - Market where large institutional investors trade securities with each other
- 31. - Type of account where funds can be withdrawn at any time
- 34. - Interest rate used to discount future cash flows to their present value
- 35. - Legal agreement outlining the terms and conditions of a bond issue
- 36. - Sale of securities directly to a specific investor or group of investors
- 37. - Equity securities with a preference for dividends and a claim on assets ahead of common stock
- 38. - Interest rate on a security for immediate delivery
Down
- 2. - Market with high trading volume and many participants, resulting in easy buying and selling
- 3. - Formula used to value a stock based on expected dividends
- 4. - Equity securities representing ownership in a corporation
- 5. - High-risk, high-yield bonds issued by companies with poor credit ratings
- 6. - Ratio of a stock's price to its earnings per share
- 8. - Annual income generated by a security, expressed as a percentage of its current market price
- 9. - Predicted interest rate on a security at some point in the future
- 10. - Strategy of buying and selling securities to take advantage of price discrepancies
- 11. - Method used to sell securities to investors at the lowest possible cost
- 12. - Measure of a security's sensitivity to changes in interest rates, taking into account the shape of the price-yield curve
- 13. - Formula used to value a stock based on expected growth and dividends
- 15. - Theory that asset prices reflect all available information
- 18. - Promise by a third party to assume responsibility for a debtor's payment obligation
- 21. - Stock exchange focused on technology companies
- 22. - First sale of a company's shares to the public
- 24. - Interest rate paid on a bond's face value
- 27. - Short-term securities backed by a pool of assets
- 28. - Payment made to shareholders by a corporation out of its profits
- 29. - Measure of a security's sensitivity to changes in interest rates
- 30. - Security with a specified maturity date
- 32. - Amount paid above the face value of a security
- 33. - Separate Trading of Registered Interest and Principal of Securities
- 35. - Phenomenon where the price of a security becomes detached from its underlying value
