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12 Cards in this Set
- Front
- Back
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Time value of money
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money today is worth more than money promised in the future
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Arbitrage
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simultaneously buying and selling a security to achieve a riskless profit
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bonds
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securites that convey an obligation to pay the debt of a company or government entity
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customer
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a person on whose behalf a registered rep trades for
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IPO
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the first sale of a security to investors at large raises funds for the issuing company
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Margin
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money borrowed from a brokerage to purchase securities for a customers account
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Registered Representitive
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someone who works for a federally registered broker dealer and handles customers accounts "account executives" must pass series 7
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securities
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financial instruments that have value and can be traded
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Calculating Simple Interest
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Simple Interest = (Principal x Rate) x Time
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Calculatin Future Value
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Future Value (FV) = PV x (1+r)n
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Calculating Present Value
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Present Value (PV) = FV ÷ (1+r)n
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Variance
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the measure of how broadly investments spread from the average. represents risk
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