4th Set Flashcards
Fill or kill (FOK) means order must be executed _____
Immediately and in its entirety
Margin requirement if your short stock that is currently trading at less than $5 / share,
If under $5/share, must maintain %100 SMV or $2.50/share. Whichever is GREATER
Can SMA be used or withdrawn if account equity falls below maintenance?
No
As interest rates in the market go up, the price of preferred stock goes ____
Down
As interest rates in the market go up, the price of preferred stock goes down.
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
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.
Do eurodollar bonds have to be registered with the SEC?
No
Because the bonds are issued outside the US, no registering with SEC
When do pass-through certificates from Government National Mortgage Association (GNMA) pay interest?
The pass through certificates pay principal and interest monthly
Range of maturities for T Notes
2-10 years
Technically: 2,3,5,7,10
Once a customer account has penny stocks, account statements must be sent every _____
1 month