.png){kind=logo}
PDF Download
FREE FINANCE AND STUDY GAMES ABOUT SERIES 6 EXAM
QUESTIONS
Qs and Ans Expert- Explanation
This Exam contains:
-Guarantee passing score -15 Questions and Answers -format set of multiple-choice -Expert- Explanation
Question 1: Net Asset Value (Per Share)
Answer:
NAV = (Total Assets - Total Liabilities) / # of shares outstanding
Question 2: Parity
Answer:
Bond Market Value / # of shares on Conversion
Question 3: Conversion Price or Conversion Ratio
Answer:
100 (Par Value) / Conversion Ratio = Conversion Price 100/ Conversion Price = Conversion Ratio (# of shares received)
Question 4: Shareholder's Equity
Answer:
Assets - Liabilities
Question 5: Current Yield (bonds)
Answer:
Annual Int / Current Market Price
Question 6: Public Offering Price (POP) as %
Answer:
NAV / ( - Sales Charge%)= POP or NAV / (1 - S. C.) = POP
Question 7: POP aka ASK Price
Sales Charge in $
Answer:
ASK = NAV + S.
C.S.
C. = ASK - NAV
Question 8: Avg Market Price Per share
Answer:
Total of share prices / # of investments
Question 9: Taxable Equivalent Corporate Yield
*** Puts a municipal investment on the same level as a taxable investment
Answer:
= Municipal Yield / ( - Tax Bracket %)
Question 10: Tax Free or Municipal Yield Equivilent
Answer:
= Corporate Rate x ( - Tax Bracket)
Question 11: Dollar Cost Avg Per share
Answer:
Total Dollars Invested / # of shares purchased
Question 12: Sales Charge as %
Answer:
(POP - NAV) / POP *** Then convert to %
Question 13: Dividend Yield (stocks)
Answer:
Annual Dividend / Current Market Price
Question 14: # of shares outstanding
Answer:
Issued shares - Treasury shares
Question 15: Capital Gain or Losses
Answer:
Sales Proceeds - Cost Basis
.png)