文档介绍:.页眉. 页脚. 投资学第九版课后答案, 博迪投资学第九版课后答案 CHAPTER1:THEINVESTMENTENVIRONMENT PROBLEMSETS ,hematerialwellbeingofan ,inpidualscanbenefitwhenfinancialengineeringcreatesnewproductsthatallowt esfinancialproductswithnewpropertiesandsensitivitiestovarioussourcesofrisk,itallowsinvestorstohe dgeparticularsourcesofriskmoreefficiently. theseinvestors,thecapitalmarketneeds: taxation/regulation; -developedinvestmentbankingindustry; -developedsystemofbrokerageandfinancialtransactions,and; -developedmedia,particularlyfinancialreporting. Thesecharacteristicsarefoundin(indeedmakefor)awell-developedfinancialmarket. ;thatis,securitizationprovidesameans ,mortgage-backedsecuritieschannelfundst .页眉. 页脚. othehousingmarketwithoutrequiringthatbanksorthriftinstitutionsmakeloansfromtheirownportfolios. Assecuritization progresses,financialintermediariesmustincreaseotheractivitiessuchas providingshort-termliquiditytoconsumersandsmallbusiness,andfinancialservices. Financialassetsmakeiteasyforlargefirmstoraisethecapitalneededtofinancetheirinvestmentsinrealasse ,forex