What should you be able to explain after studying financial management and securities markets?

"After reading this chapter, you should be able to answer these questions: How do finance and the financial manager affect a firm’s overall strategy? What types of short-term and long-term expenditures does a firm make? What are the main sources and costs of unsecured and secured short-term financing? What are the key differences between debt and equity, and what are the major types and features of long-term debt? When and how do firms issue equity, and what are the costs? How do securities markets help firms raise funding, and what securities trade in the capital markets? Where can investors buy and sell securities, and how are securities markets regulated? What are the current developments in financial management and the securities markets?"