test day Flashcards
components of income statement
rev
cogs
pretax income
cash flow from operations will only use items for the
income statement
standard trading unit for equity is a
round lot
shareholders vote on
stock splits
board members
issuance of common, preferred and convertible securities
does preferred stock have a maturity date
no
which investment have no reinvestment risk
zero coupon bond
pacs
tacs
pacs protected against extension and prepayment risk
tacs only prepayment
stripes
backed in full by us government
reciepts are not
reits rules
75%
must distribute 90%
Net investment Income
D+I-E
who is eligible for breakpoints
married couples, parents with minor children and corporations.
letter of intent time
13 months back dated 90 days
12-B fee is expressed as
annual amount is is charged and reviewed quarterly
charges covered are advertising, sales literature, and prospectuses not fund management expenses
accumulation units computed daily on
forward pricing basis
assume annuity is qualified or non
non qualified
