So a security in the equity world is a stock.

Finance, you type in the ticker symbol and you get the price for that day.

Savings bonds.

They're savings bonds.

And I'm doing this just to show you a point

And if buying debt seems like a weird thing to say, buying debt is the same thing as lending money (lending money).

So it's going to be 6,000 times 1,000 bond certificates.

You can't get it on Yahoo!

We would create incentives for securitization.

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

They'd start with your bonds preferred stock, and then move on to real estate.

There's very little chance of them defaulting on their loans.

But kind of the one that people always talk about, I guess in the same phrase, is bonds.

Price

Then auctions like eBay are another example of dynamic pricing.

And that's what these are.

But it is just like a stock.

And we came up with this idea of issuing bonds, press freedom bonds.

And we said there's different kinds of debt.

But then there's a very fundamental difference in what the holder of the bond is doing.

My next presentation, I'm going to take it to a further

So that's what we're going to show you in the presentation on collateralized debt obligations.

I have a whole video on mortgage backed securities.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

And because it's a junkier rating, no one is going to want to buy it.

Let's get discount tickets.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

I feel secure when I invest in stocks but not bonds.

bishop?

Alright?

It's not about low cost.

And what is a bond?

I could actually price on specific customer segments or on features I know they need.

And so the first of these that I will focus on the first is the price of competing products.

For any given price, it's going to lower the quantity demanded.

See...notice I get my axes confused

Let's say a guy invents a better light bulb.

The price of admission.