UNIT 1
Minium number of days for the cooling off period
What is 20 days?
the Maximum trading price for a security to be considered a Penny Stock
$5
Not a promotion for 2 for 1 Campbells soup at the grocery store, but another term for nominal yield
What is a coupon
NAV stands for what
Net Asset Value
A bullish investor wanting to receive maximum upside with only risking a premium should purchase what type of investment vehicle.
Long call
How much money must a institution own and invest to be considered a Qualified Institutional Buyer (QIBs).
How much is $100 Million Dollars
The voting system allowing a stockholder to cast one vote per share for each item on a ballot
What is the statutory voting?
Not to be confused with an automobile without a roof, these convertible bonds allow for what?
What is the conversion from Bond to common stock?
This document may decrease the overall sales charge when an investors signs it
What is Letter of intent (LOI)
In terms of currency options, what does the acronym EPIC stand for
Exporters buy puts - importers buy calls.
length of time Well-Know Issuers can extend shelf offerings
what is Three years
Not for committing a crime, rather these warrants are accompanied with these financial instruments.
What are either Bonds or preferred stock?
Anticipate this bond feature to have a lower than market coupon rate of interest for the holder
What is a bond with a put feature?
Managers fee
Admin Fees
BOD's Costs
12b-1
Long 1 Jul 40 call at 3
Give:
BE
MG
ML
BE = 43
MG= Unlimited
ML= 300
The aspect of insurance policies which qualify as securities requiring these products to be registered with the SEC
What are the Separate Accounts
When interest rates fall, a preferred holder better hope the issuer does not have this power
What is the power of call
Definitely found in Russel's from 'UP" portfolio, this type of bond's maturity incorporates aspects of both serial and term maturity structures.
A balloon Bond
Something a locksmith might have, but this privilege allow investors to merge their accounts across the issuers various funds for a lower sales fee.
What is combination privilege?
Short 1 Jul 40 put at 3
Give; BE, MG, ML
BE: 37
MG: 300
ML: 3700
Buyers and sellers call out their best bids and offers in an attempt to transact at the best possible price in this pricing system.
What is a Double auction system?
The common medium of exchange for Issuers when repurchasing their own shares back from stockholders through either a buyback or Tender Offer
What is cash?
Purchasing power risk affects all debt, what type of security not considered debt faces this risk
What is preferred stock?
This regulation allows an annuity to be transferred to another annuity without tax implications
1035 Exchange
When and what time do options expire American and European