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22 Cards in this Set
- Front
- Back
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Divided Growth Model
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A model that determines that current price of a stock as its divided by the discount rate less the dividend growth rate.
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Dividend Yield
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A stock's expected cash dividend by its current price
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Capital Gains Yield
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The dividend growth rate, or the rate at which the value of an investment grows.
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Common Stock
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Equity without priority for dividends or in bankruptcy
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Cumulating Voting
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A procedure in which a shareholder may cast all votes for one member of the board of directors.
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Straight Voting
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A procedure in which a shareholder may cast all votes for each member of the board of directors.
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Proxy
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A grant of authority by a shareholder allowing another individual to vote his or her shares.
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Dividends
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Payments by a corporation to shareholders, made in either cash or stock.
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Preferred Stock
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Stock with dividend priority over common stock, normally with a fixed dividend rate, sometimes without voting rights.
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Primary Market
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The market in which new securities are originally sold to investors.
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Secondary Market
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The market in which previously issued securities are traded among investors.
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Dealer
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An agent who buys and sells securities from inventory.
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Broker
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An agent who arranges securities transactions among investors.
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Member
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As of 2006, a member is the owner of a trading license on NYSE.
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Commission Broker
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NYSE members who execute customer orders to buy and sell stock transmitted to the exchange floor.
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Specialist
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A NYSE member acting as a dealer in a small number of securities on the exchange floor; often called a market maker
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Floor brokers
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NYSE members who execute orders for commission brokers on a fee basis; sometimes called $2 brokers.
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Floor Traders
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NYSE members who trade for their own accounts trying to anticipate temporary price fluctuations.
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Order Flow
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The flow of customer orders to buy and sell securities.
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Specialist's Post
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A fixed place on the exchange floor where the specialist operates.
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Over-the-Counter (OTC) Market
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Securities market in which trading is almost exclusively dine through dealers who buy and sell for their own inventories.
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Electronic Communications Network (ECN)
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A website that allows investors to trade directly with each other.
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