series 7 formulas Flashcards
1
Q
Dividend Yield
A
Annual dividend / Current market price
2
Q
Current Yield
A
Annual Interest / Current market price
3
Q
Number of shares for conversion
A
Par Value / Conversion Price
4
Q
Parity
A
Book Value / # of Shares
5
Q
Tax-Free Equivalent Yield
A
Corporate Rate x ( 100% - Tax Bracket )
6
Q
Tax Equivalent Yield
A
Muni Rate x ( 100% - Tax Bracket )
7
Q
NAV of Mutual Fund Share
A
Fund NAV / # Shares outstanding
8
Q
Sales Charge
A
POP - NAV / POP
9
Q
Public Offering Price (POP)
A
NAV per Share / ( 100% - Sales Charge % )
10
Q
Dollar Cost Averaging
A
Total Dollars Invested / # of Shares Purchased
11
Q
Net Working Capital
A
NWC = Total Current Assets - Total Current Liabilities
12
Q
Current Ratio
A
Total Current Assets / Total Current Liabilities
