4th Set Flashcards

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1
Q

Fill or kill (FOK) means order must be executed _____

A

Immediately and in its entirety

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2
Q

Margin requirement if your short stock that is currently trading at less than $5 / share,

A

If under $5/share, must maintain %100 SMV or $2.50/share. Whichever is GREATER

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3
Q

Can SMA be used or withdrawn if account equity falls below maintenance?

A

No

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4
Q

As interest rates in the market go up, the price of preferred stock goes ____

A

Down

As interest rates in the market go up, the price of preferred stock goes down.

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5
Q

If an investor wants to shelter a portion of her income would an oil and gas drilling program or oil and gas income program provide her with significant write offs

A

The oil and gas drilling progeam would provide large write-offs
Oil and gas drilling programs pass through intangible drillings costs, which the partners may use to reduce passive income.

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6
Q

Do eurodollar bonds have to be registered with the SEC?

A

No

Because the bonds are issued outside the US, no registering with SEC

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7
Q

When do pass-through certificates from Government National Mortgage Association (GNMA) pay interest?

A

The pass through certificates pay principal and interest monthly

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8
Q

Range of maturities for T Notes

A

2-10 years

Technically: 2,3,5,7,10

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9
Q

Once a customer account has penny stocks, account statements must be sent every _____

A

1 month

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