Rambo

Question 1

Regular way settlement for equities

Answer 1

T + 2

Question 2

The first day that a buyer buys stock without a dividend

Answer 2

Ex-dividend date

Question 3

The date on which a corporation pays a dividend to shareholders of record

Answer 3

Payable date

Question 4

The last day a buyer can buy stock and receive the dividend

Answer 4

2 Business day before the ex-date

Question 5

When issuers must notify the exchange prior to the stock’s record date

Answer 5

10 business days prior (the declaration date)

Question 6

When the ex-dividend date happens relative to the record date for regular way trades

Answer 6

1 business day before record date

Question 7

Security with the most junior claim in a corporate liquidation

Answer 7

Common stock

Question 8

Fixed rate equity security that responds to market conditions like a bond

Answer 8

Preferred stock

Question 9

Share value of a penny stock

Answer 9

Less than $5 per share

Question 10

adjustable-rate preferred stock

Answer 10

A type of preferred stock where the stated dividend rate will fluctuate based on an underlying benchmark, such as the rate on T-bills. Because the dividend will adjust based on current interest rates, the share price tends to remain extremely stable.

Question 11

American depositary receipts (ADRs)

Answer 11

Negotiable certificates that represent ownership in the shares of foreign companies and help facilitate their trading in the US.