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10 Cards in this Set
- Front
- Back
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What is the time value calculation for options?
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Premium - Intrinsic value
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What is a level debt service bond?
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Annual interest and principal are equal.
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What is Rule 144?
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The shares that can be sold is the average weekly volume for th elast 4 weeks prior to the sale of 1% (whichever is greater)
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What do closed-end funds sell at?
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Market price + comm.
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What do open-end funds sell at?
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Offering price + sales charge
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What is a closed-end fund selling above NAV called?
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Premium
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What is a straddle?
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Purchase of a call and put w/ the same exp. date and strike price.
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Two characteristics of t-bills?
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3-month or 6-month
Sold weekly |
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What does equity securities represent?
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Represents ownership, own stock.
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What is authorized stock?
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number of shares a corp. is allowed to issue
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