SIE Unit 5 Flashcards
How ETFs are priced
By supply and demand where transaction prices may be higher or lower than the fund’s NAV
Items included in tangible drilling costs
Those that have salvage value and can be depreciated
How to dissolve Limited Partnership before scheduled dissolution date
Vote by limited partners holding a majority interest
Who must ultimately approve an account for options trading
Firm’s registered options principal
Who is responsible for managing the business in a limited partnership
General partners
Direct Participation Program
A pooled entity that offers investors access to a business venture’s cash flow and tax benefits
Disclosure document
Official statement
Qualifications for a REIT to not be taxed
75% or more of income comes from real estate, 90% or more of net investment income is dispersed to shareholders
When exercise delivery of an equity option must be delivered
T + 2 days after exercise
Depletion allowance
Tax benefit to compensate the program for the decreasing supply of oil or gas
Result of exercising an index option
Delivery of cash the next day
NAV
Net asset value
General partnership
Partners participate in the gains and losses of the business and are fully liable for the businesses actions
Exchange-trade note
Unsecured debt securities with stated maturity date, but no interest of principal protection
Who is allowed to purchase shares in hedge funds
Accredited investors
