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33 Cards in this Set
- Front
- Back
- 3rd side (hint)
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(Ch. 02) for convertivbles… parity for bond
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mkt px common stock * conv ratio
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None
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(Ch. 02) for convertivbles… parity for common
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mkt px bond / conv ratio
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None
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(Ch. 02) for convertivbles… whats conv ratio
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conv ratio = bond par / conv px
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None
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(Ch. 01) calc for current yld and its aka
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annual div / mkt px aka dividend yld
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(Ch. 01) cumulative vs statutory voting
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cumulative = allocate votes any stat = one vote per share for each ballot item
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(Ch. 01) dates to remember re divident dist
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"DERP" -declaration -ex divident -record -payable
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(Ch. 01) excempt securities under act of 1933 exampt issuers under act of 1933
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270 days or less usgovt, muni, banks non profits exampt
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(Ch. 01) formula for treasury stock
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treas stock = issued - o/standing
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(Ch. 01) how are reit dividents taxed
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taxed as ord income
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(Ch. 01) re stock rights… duration?
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short term 30 to 45 days
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(Ch. 01) re stock rights… exercise px above or below mkt
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exer px below mkt at issue
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(Ch. 01) re stock rights… how many
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one right per share o/s
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(Ch. 01) re stock rights… offered to who
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offered to existing shareholders
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(Ch. 01) re stock warrants… duration?
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lont term
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(Ch. 01) re stock warrants… exercise px above or below mkt
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exer px above mkt at issue
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(Ch. 01) re stock warrants… how are they traded
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trade as separate security
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(Ch. 01) re stock warrants… what offered?
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offered as sweeteners
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(Ch. 01) what type of entity is a reit not also what pnl is passed through
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not ltd partnership not and invest co passes through income, not losses
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(Ch. 01) where are reits traded
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traded exch or otc
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(Ch. 01) 2 percentage req for an entity being a reit
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75% income from re dist 90% of income to s/h to avoid taxation as trust
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(Ch. 02) 2 things about govt natl mtg assoc
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backed by usgovt interest fully taxable
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(Ch. 02) at what levels are govt bonds taxed
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taxed at fed level exempt from state and local
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(Ch. 01) 3 characteristics of treasury stock
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1-no vote right 2- no dividents 3- not traded in mkt
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(Ch. 02) distinguish btwn fed funds rate and discount rate
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fed funds is set by markets discount rate is set by frb
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(Ch. 02) distinguish btwn refunding and prefunding
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refunding = refinance prefunding = defeased
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(Ch. 01) 3 voting rights and 1 thing for which there is no voting right
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1- directors 2- issue of converts 3- issue of preferred no voting rights on dividents
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(Ch. 02) in corp bonds, what is funded debt
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5 yrs or more until maturity
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(Ch. 02) ratings (min) for invest grade -s&p -moodys
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s&p = BBB moodys = Baa
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(Ch. 02) re cmo's - diff btwn planned amort class and targeted amort class
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planned -> protect against prepymt and extension risk targeted -> protect against pre only
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(Ch. 02) STRIPS vs treasury receipts
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STRIPS backed by usgovt tsy receipts not
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(Ch. 02) two things to remember re tips
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-issued at fixed rate -prin is adj for inflat
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(Ch. 02) what is trust indenture
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covenants btwn trustee and issuer for benefit of bond holders
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Graph for CY, YTM and YTC for Prem, Disc & Par Bonds
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Drawing
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