Define each of the following terms:

a. Sole proprietorship; partnership; corporation

b. Limited partnership; limited liability partnership; professional corporation

c. Stockholder wealth maximization

d. Money market; capital market; primary market; secondary market

e. Private markets; public markets; derivatives

f. Investment banker; financial service corporation; financial intermediary g. Mutual fund; money market fund h. Physical location exchanges; computer/telephone network i. Open outcry auction; dealer market; electronic communications network (ECN)

j. Production opportunities; time preferences for consumption k. Real risk-free rate of interest, r*; nominal risk-free rate of interest, rRF l. Inflation premium (IP); default risk premium (DRP); liquidity; liquidity premium (LP)

m. Interest rate risk; maturity risk premium (MRP); reinvestment rate risk n. Term structure of interest rates; yield curve o. “Normal” yield curve; inverted (“abnormal”) yield curve p. Expectations theory q. Foreign trade deficit