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33 Cards in this Set

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