Assets beside Debt
Underwriting Commitment where the offering is canceled if minimum shares are not sold
Fill-or-Kill / All-or-None
Broad analysis first then specific industries identified that seem to benefit from future predictions
Top Down
Identify the position: An investor buys 1 GDG Mar 50 call at 4 and buys 1 GDG Mar 50 put at 4.
Long Straddle
__ less people to be considered correspondence communication
25
Maturity for T-Note
2-10 Years
Equity voting method that caters towards smaller investors
Cumulative
Beta
Sandra buys 1 ABC Dec 70 Call at 4. Later ABC rises to 80 and Sandra liquidates the call for 11. What is the result?
$700 gain
_ day yield should be used when showing money marker communication
7
In a discussion with a client, a registered representative refers to a bond yield that has been reduced by the inflation rate. This yield is known as the
Real Interest Rate
The separation of a division or subsidiary from its parent to create a new corporate entity is considered
Spinoff
Retirement plan for Public school + non-profit employees
403(b) plan
A position similar to a straddle, but with different expirations and/or different strikes is called a _____________
combination
After-Market Prospectus Requirements for a
"NON-LISTED FOLLOW ON"
40 days
A convertible bond is convertible at $25 and is selling in the market at 108. At what price should the common stock be selling for it to be at parity with the bond?
$27
A limited partner is considered accepted into a limited partnership when the ___ signs the ___
A limited partner is considered accepted into a limited partnership when the general partner signs the subscription agreement
(Current Assets - Inventory) / Current Liabilites
Quick Asset Ratio
An investor sells short 100 shares of MNO at 35 and sells 1 MNO Jan 30 put at 3. What is the investor's maximum gain?
$800
If stock falls and the put is exercised, the short stock is covered at 30 ($500 gain) plus premium ($300 gain)
Retention of Book Record for
"CUSTOMER COMPLAINTS"
4 years
List the yields from highest to lowest for a discount bond
YTM, Current, Nominal
Type of preferred stock with these characteristics:
Series K shares
Theory that Small investors are incorrect in their market timing
Odd-Lot Theory
An investor buys 1 XYZ Dec 70 call at 4 and buys 1 XYZ Dec 70 put at 4. What are the breakeven points for the investor?
78 + 62
Assumed ROR needed on Variable Product Communications
(minimum and maximum)
One must be 0%
Maximum 12%
A bond is issued at par, and later purchased for 900 with 10 years left to maturity. Five years later the bond is sold at 980. Result for tax purposes?
30 GAIN