FREE FINANCE AND STUDY GAMES ABOUT SERIES 6 EXAM

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FREE FINANCE AND STUDY GAMES ABOUT SERIES 6 EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -15 Questions and Answers -format set of multiple-choice -Expert-Verified 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 / (100% - 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 / (100% - Tax Bracket %)

Question 10: Tax Free or Municipal Yield Equivilent

Answer:

= Corporate Rate x (100% - 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