Formulas series 7 Flashcards Preview

Series 7 > Formulas series 7 > Flashcards

Flashcards in Formulas series 7 Deck (13)
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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 conversion

A

par value/ conversion price

in questions it looks like conversion price/ (par% to potential stock div%)

4
Q

parity

A

bond market value/number of shares

in text it looks like 1000 / bond convertible amount
* current market value

5
Q

tax free equivalent yield

A

corporate rate*(100-tax bracket)

6
Q

tax-equivalent yield

A

municipal rate/(100%-tax bracket)

7
Q

nav of mutual fund shares

A

funds nav/number of shares outstanding

8
Q

sales charge percentage

A

POP-NAV/POP

9
Q

Public offering price

A

NAV per share/ (100%-sales charge percentage)

10
Q

dollar cost average

A

total dollars invested/number of shares purchased

11
Q

average market price

A

shares of total/number of investments

12
Q

number of outstanding shares

A

issued shares-treasury shares

13
Q

shareholders equity

A

assets-liabilities