Formulas (Small Manual) Flashcards
Investment Companies
Current Yield
Annual Dividend / Current POP
Investment Companies
Dollar-cost Average
Total dollars invested / Number of Purchased Shares
Investment Companies
Average Market Price
Total of the share prices / # of investment
Bonds
Current Yield
Annual Interest / Current Market Price
Bonds
Accrued Interest
From the last interest date (inclusive)—up to, but not including, the Settelement Date (exclusive).
The buyer always starts earning interest on the Settlement Date.
Bonds
Corporate/Municipal Bonds
30 days per month/360 days per year
Bonds
Government Bonds
Actual days/365 days per year
Equivalent Bond Yields
Municipal Bond Rate Equivalent
Corporate Rate × (100% - Tax Bracket)
Equivalent Bond Yields
Corporate Bond Rate Equivalent
Municipal Rate / (100% - Tax Bracket)
