Term
Which of the following are functions of the transfer agent?
I Mailing dividend payments to shareholders
II Canceling old shares and issuing new shares
III Preparing and mailing proxies
IV Setting the Declaration Date |
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Definition
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Term
Cumulative voting is considered to be an advantage as it:
A. I and III
B. I and IV
C. II and III
D. II and IV |
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Definition
| The best answer is C. Cumulative voting allows a disproportionate voting weight to be placed on selected directors who are up for election. This is considered to be advantageous for the smaller investor, who wishes to have a specific director (or directors) elected. |
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Term
An ADR is:
A. a U.S. security held in U.S. branches of foreign banks
B. a foreign security held in foreign branches of U.S. banks
C. a negotiable certificate denominated in a foreign currency
D. a negotiable certificate denominated in U.S. currency |
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Definition
| The best answer is B. An American Depositary Receipt is a foreign security that is held in a foreign branch of a U.S. bank. The bank issues receipts against these shares, and the receipts are registered in the United States as securities and are listed and traded on U.S. stock exchanges. In this manner, the foreign corporation does not have to register its shares with the SEC in order to have trading take place in the U.S. |
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Term
| What is the conversion ratio? |
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Definition
| Par-value/conversion price |
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Term
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Definition
| Annual Income/market price |
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Term
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Definition
| a bond that is issued all at one time and that matures at one time. compare Serial bond, Series bond. |
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Term
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Definition
| a bond that is issued in installments over a number of years, but all of the bonds in the issue mature at the same time. Usually issued to fund construction projects in which the money is needed in phases over a long period of time, bonds with this type of structure are rarely issued today. |
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Term
| What is a Serial bond usually a municipal bond |
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Definition
| , that is issued all at one time and then matures in installments over a number of years - hence, it has serial maturities. |
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Term
| Corporate Bonds are quoted on |
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Definition
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Term
| Corporate bonds are quoted on what basis? |
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Definition
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| Corporate bonds are usually: |
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Definition
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Term
| Government bonds are quoted in |
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Definition
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Term
| Serial bonds are quoted on a |
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Definition
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Term
| Which are more volitile? Short term bonds or Long term bonds? |
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Definition
| Long term bonds are more volitle |
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Term
| When it comes to Muni bonds. What does "Legal opinion" mean? |
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Definition
| 1. All new municipal issues have a legal opinion printed on the bond. |
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