Learning Outcome Statements

1. Equity Securities in Global Financial Markets

a. describe characteristics of types of equity securities;

2. Types and Characteristics of Equity Securities

b. describe differences in voting rights and other ownership characteristics among different equity classes;

3. Private versus Public Equity Securities

c. distinguish between public and private equity securities;

4. Investing in Non-Domestic Equity Securities

d. describe methods for investing in non-domestic equity securities;

5. Risk and Return Characteristics of Equity Securities

e. compare the risk and return characteristics of different types of equity securities;

6. Equity Securities and Company Value

f. explain the role of equity securities in the financing of a company's assets;

g. distinguish between the market value and book value of equity securities;

h. compare a company's cost of equity, its (accounting) return on equity, and investors' required rates of return.