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33 Cards in this Set
- Front
- Back
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Dividend Yield
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Annual Dividend / Current Market Price
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Current Yield
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Annual Interest / Current Market Price
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Number of Shares for Conversion
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Par Value / Conversion Price
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Parity
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Bond Market Value / Number of Shares
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Tax-Free Equivalent Yield
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Corporate Rate x (100% - Tax Bracket)
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Tax-Equivalent Yield
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Municipal Rate / (100% - Tax Bracket)
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NAV of Mutual Fund Share
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Fund NAV / Number of Shares Outstanding
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Sales Charge Percentage
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POP - NAV / POP
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Public Offering Price (POP)
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NAV per Share / (100% - Sales Charge Percentage)
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Dollar Cost Averaging
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Total Dollars Invested / Number of Shares Purchased
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Average Market Price
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Share Price Total / Number of Investments
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Number of Outstanding Shares
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Issued Shares - Treasury Shares
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NAV of Mutual Fund
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Assets - Liabilities
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Net Working Capital
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NWC= Total Current Assets - Total Current Liabilities
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Current Ratio
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CR= Tot Current Assets / Tot Current Liabilities
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Quick Asset Ratio
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QAR= (Tot Curr Assets - Inventory) / Tot Curr Liabilities
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Cash Flow
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CF= Net Income/Loss + Annual Depreciation/Depletion
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Bond Ratio
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BR= Par Val of Bonds/Tot Long-Term Capital
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Debt-to-Equity Ratio
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=(Bonds + Preferred Stock)/(Common Stock at Par + Capital Surplus + Retained Earnings)
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Book Value Per Common
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= [Total Assets - (Intangibles + Tot Liabil + Preferred Stock)]/# of outstanding shares
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P/E Ratio
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= Price / Earnings
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Dividend Payout Ratio
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= Annual Div Paid on Common/EPS
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Current Yield
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= Annual Div per Common/ Current market price
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Acid Test Ratio
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= (Tot Assets + cash + cash equivalents + accounts and notes receivables)/Tot Current Liabil. Also known as the Quick Asset Ratio
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When is the exact moment that a person becomes subject to the NASD rules and disciplinary actions?
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When you submit an application to work for a member firm
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If someone makes a donation to a charity what can they deduct on their taxes?
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They can deduct the market value of the security at the time it was donated, but only if the security was held for a period of 1 year or more. Otherwise you must use your original basis.
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What is the one constant in FOREX options?
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The contract size.
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If a stock on the OEX index declares a 2 for 1 stock dividend what is the effect on the OEX options?
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Nothing....no effect
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What do these footnotes in the WSJ refer to in the Mutual Fund section.... p, r, t, x ?
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p- indicates 12b-1 fees
r- indicates redemption charges t- indicates both p & r x- ex-dividend |
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If a customer has an open account with nothing in it how often does the firm have to send the customer a statement?
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they don't
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G.O -collection ratio
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taxes collected / taxes assessed
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computation of property taxes (unlikely required to compute on series 7)
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Estimated Market (sale) value x Assessment Rate (%) = Assessed Value x Millage Rate (1 mill = $.001 or 1/10th of a cent) = Taxes Due
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REVENUE- Debt service coverage ratio
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NET (or gross) revenues / principal & interest
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