Returns
Whch of the followiong return calculations is not present for Equity PA client?
a. Paydown
b. Coupon
c. Currency
d. Price
a. Paydown
If a client sends prices = 104 for a Preferred Equity security with par value = 25, what is the impact?
a. Yields/spread will be overstated
b. Yields/spread will remain unchanged
c. Yields/spread will be zero
d. Yields/spread will be very negative
d. Yields/spread will be very negative
OMS is a combination between Buy and HOLD and TBR, how do we get to the security market value that is used in PA?
a. Shares multiplied by Price
b. Price multiplied by Price
c. Shares divided by Price
a. Shares multiplied by Price
TRUE or FALSE: Junk bonds are usually identified with low risk, low returns, and low fees.
FALSE
What is the full form of SPAR?
a. Systematic Portfilio Analysis Report
b. Special Performance Returns
c. Style, Performace and Risk
c. Style, Performace and Risk
For a bond with embedded Call Option, if the price decreases, then what happens to Edur?
a. No Change
b. Increase
c. Decreas
b. Increase
Unaccounted trade can be ignored for ______
a. Futures
b. Currency Forwards
c. Equities
b. Currency Forwards
This is a conversion type where the holder must convert the security into underlying common stock either on or before a contractual conversion date when specified triggered events happened
a. Optional by Holder
b. Mandatory
c. Triggered Mandatory
d. Triggered Optional
c. Triggered Mandatory
TRUE or FALSE: Negative income on a long position is valid.
FALSE
TRUE or FALSE: Prices usually increase when a sink payment is done.
B. False
(Prices usually drop right after sink payment is done. Prices usually drop right after sink payment is done.)