CHAPTER PREVIEWLEARNING OBJECTIVES10.1 WHAT ARE EQUITY SECURITIES?10.2 EQUITY MARKETS10.3 EQUITY TRADING10.4 GLOBAL STOCK MARKETS10.5 REGULATION OF EQUITY MARKETSDO YOU UNDERSTAND?10.6 EQUITY VALUATION BASICSLEARNING BY DOING 10.1: Valuing a Stock10.7 EQUITY RISKDO YOU UNDERSTAND?10.8 STOCK MARKET INDEXESPEOPLE & EVENTS: Circuit Breakers, Black Monday, and the Flash Crash10.9 THE STOCK MARKET AS A PREDICTOR OF ECONOMIC ACTIVITYSUMMARY OF LEARNING OBJECTIVESKEY TERMSQUESTIONS AND PROBLEMSINTERNET EXERCISE