Problem: Dr. Washington is very satisfied with the knowledge he has attained during his investment consultation and, with your guidance, he is well on his way to becoming a successful investor in today's securities markets. However, while reading The Wall Street Journal, he came across the termsmortgage-backed securities and investment companies. Being the ambitious learner that he is, Dr. Washington has asked you educate him on these two elements of investing.
Discussion Board Assignment Guidelines:
Using your textbook, course materials, and Web resources, research the following:
o mortgage-backed securities
o investment companies
Next, answer the following questions:
o What are mortgage-backed securities, and who is in charge of issuing them?
o Who is able to purchase mortgage-backed securities? Explain What is the average minimum price? Why?
o What are two examples of today's major investment companies?