Web Links

• p. 525: Go to http://www.irs.gov/taxstats/article/0,,id=117514,00.html to access Internal Revenue Service reports on U.S. annual revenues and expenses of proprietorships, partnerships, and corporations based on tax returns. Click on recent quarters and choose relevant reports.
• p. 528: Go to http://www.federalreserve.gov/releases/h15/ for Federal Researve data on U.S. interest rates.
• p. 529: Go to http://support.mfm.com/support/manuals/ebrd/EBRDm177.htm to utilize an MFM Communication Software, Inc. manual providing additional review of present value.
• p. 534: Go to http://www.sec.gov/ to explore how the U.S. Securities and Exchange Commission seeks to prevent the use of inside information.

Issues and Applications Web Resources:

• To obtain detailed information about Treasury Inflation-Protection Securities from the Treasury’s Bureau of the Public Debt, go to http://www.publicdebt.treas.gov/sec/seciis.htm.
• To learn about how to buy Treasury securities online, go to the U.S. Treasury’s Treasury- Direct Web site at http://www.treasurydirect.gov/.

How the New York Stock Exchange Operates
This application gives you the chance to learn about how the New York Stock Exchange functions.

     Title: The New York Stock Exchange: How the NYSE Operates

     Navigation: Use http://www.nyse.com/ to visit the New York Stock Exchange. In the left margin in the pop-up menu next to "About the NYSE," click on Education. Along the top, select the tab named Educational Publications. Then under the heading, "The New York Stock Exchange: A Guide to the World’s Leading Securities Market," click on "Chapter Two: The Trading Floor."

Application
Read the chapter; then answer the following questions.

1. What characteristics distinguish the two types of floor brokers?

2. List the key functions of a stock exchange specialist. Why is the "Point-of-Sale Display Book" likely to be particularly useful for a specialist?