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Assume the market S&P has increased 15% in value this year. XYZ Corp. Stock has increased 50% during the same time period. An investor who believed XYZ Stock would be a good investment now would be correct answers attempting to invoke a "Price Momentum" investment strategy. A "Price Momentum"...

For book-building purposes, which SEC forms are used to track transactions by corporate insiders? correct answers Form 3, 4 and 5 track insider stock purchases and sales activities. They help identify an issuer's current shareholders who are insiders, for book-building purposes Any branch office...

FINRA Rule 5121 correct answers A member firm w/ a conflict of interest may not participate in a public offering unless: the nature of the conflict is prominently disclosed or the member complies with certain net capital, discretionary account and filing information, and a QIU participates in the of...

Form U4 correct answers When registering with a broker-dealer, all RRs are required to complete this Uniform Application for Securities Industry Registration which discloses: 10-year employment history Any felony convictions, convictions for securities-related misdemeanors, or actions taken by...

PRE14A (preliminary proxy) correct answers must be filed with the SEC at least 10 calendar days prior to filing a definitive proxy with the SEC (DEF 14A) Preliminary proxies can be kept from public disclosure until they become definitive, but only if they adhere to certain rules. They must be mar...

RFP (Request for Proposal) correct answers An RFP is an invitation by an issuer to submit a proposal, via a competitive process, to complete for the lead underwriting role or participation in an offering. The potential underwriters will present financing scenarios, as well as a term sheet and fee pr...

Section 338(h)(10) Election correct answers - Refers to part of the tax code which allows a stock sale to be treated as an asset sale for tax purposes --> Debtor or trustee files w/ court --> BUYER BENEFITS by being able to increase the value of the target's assets to their fair value rath...

Form S-4 correct answers business combinations and exchange offers Schedule 13E-3 correct answers "going private" LBO EV is ______________ of capital structure correct answers independent Are US government or agency securities exempt from SEC registration correct answers Yes, both US gove...

Rank the following events in the order in which they occur in an M&A auction process :I. Seller gives a potential acquirer a tour of the key facilities II. Seller announces signing of a Definitive Agreement III. Buyers receive the Final Procedures Letter IV. Buyers submit final bids correct answ...

Invested Capital correct answers Average Equity + Average Net Debt Return on Assets (ROA) correct answers Net Income / Average Assets Return on Equity (ROE) correct answers Net Income / Average Stockholders' Equity Return on Invested Capital (ROIC) correct answers Adj. EBIT / Invested Capi...

earnings yield correct answers EPS/Price or 1/PE P/E correct answers Price/ EPS Operating Leverage correct answers High levels of operating leverage exist when a firm's cost structure is primarily made up of fixed costs with low corresponding variable costs. This means that for a $1 increase ...

Financial maintenance covenants require borrower to... correct answers maintain or improve its credit profile by repaying debt and/or growing cash flow company executives that must participate when seeking a buyer correct answers CEO and CFO Which of the following transactions in association w...

Corporate Insiders correct answers An officer, director, or > 10% shareholder Trust Indenture correct answers Details obligations of issuer and rights of bondholders, between trustee and issuer Affirmative Covenants correct answers Require issuer to perform certain actions (e.g. submit SEC ...

A "confidential proxy" will be kept confidential by the SEC -Until the date of the shareholder vote -Until the date the S-4 becomes effective -Until the definitive proxy is filed correct answers Confidential until the definitive proxy is filed *If a preliminary proxy is marked "confidential"...