Bond Principles: Identification- of Bonds Bonds are identified by issuer, coupon rate, and maturity. The face value of a bond is called its par value. e.g. 5 of \Hertz sevens of 03\(Hertz 7s03) .A legal document called the indenture contains the details of the bond issue
Corporations, Shares, and shareholder Rights People who own stock have an equity interest in the organization e f a business has shares of stock it is organized as a corporation rather than a proprietorship or a partnership The shares of some corporations are closely held, while others are publicly held The two types of stock are common stock and preferred stock
Market orders are to be executed as soon as possible after reaching the exchange floor. Limit orders must specify a price and a time limit, e.g. \Buy 500 at $90, good till canceled.\ A stop order differs from a limit order in that the order is only executed if the specified price, called the stop price, is touched. Stop orders become market orders when the stop price is reached
