Random #7 Flashcards
What is corpus
The body or principal of the trust
In event of a death a may name a _______ in charge of the estate?
An executor
In the event of death the state will name a?
An adminstrator
Interest on debt is taxed how
Ordinary Income
after tax returns for dividends is taxed
Long term capital gains rates if qualified
Corporate bonds are taxed
always at state and federal level
Interest on Federal gov’t securities
Tax themselves (at the federal level) but not each other at the state level
Municipal interest is taxed
Tax themselves but not each other - taxed at the state level but not federally taxed
Double exempt bond- issued in one state and purchased in another- where is interest taxed?
No where-
Capital gains taxed where?
Always at federal and state level
A convertible bond can be converted into:
Issuer’s common stock
Current price of a convertible bond is most reflective of?
The current price of the common stock
The sale of a naked call (uncovered call) would expose you to what?
Unlimited risk
Pivot points
Use to determine entry and exit points; most accurate to trade on price strategy; supports current data and period
Dark Pools
Provide no transparency, making it possible to have a conflict of interest. Privately owned assets for exchange intended to offer anonymity and liquidity. They provide cost and pricing advantages to pension funds and mutual funds. It allows institutions or companies investors to undertake trading activities.
