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 ...
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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 in sales, the net income of the firm will rise substantially because there is
little variable cost (cost of goods sold) to reduce their profitability.
Valuable info of fairness opinion correct answers Precedent transactions, Comparable companies
Selling Group correct answers Selling group members act in an agency capacity. They can
accept indications of interest in connection to an IPO by increasing sales channels and generating
demand. They do not purchase shares, take risk for unsold shares, or offer shares at a discount to
investors
Anti-money laundering director must provide Finra with: correct answers Title, Email Address,
fax number - Not employment history
Net working capital correct answers Current assets minus current liabilities
The Risk Factors section of a 10-K correct answers The section of a registrant's 10-K that sets
forth the primary future known and unknown contingencies (risks)
Chapter 11 bankruptcy reorganization Approval correct answers needs approval from at least 1/2
of the claims and at least 2/3 approval of the dollar amounts of those claims
Suitability rule for non-institutional clients correct answers The specific information mentioned
by the Suitability Rule for non-institutional customers includes financial status, tax status and
investment objectives
The company whose shares are being pursued in a tender offer is called correct answers Subject
company, target company
parity price of convertible Bond (bond)= correct answers Current value/conversion ratio
The conversion price of convertible (bond)= correct answers par value/conversion ratio
Indenture correct answers The legal contract entered into by an issuer and corporate trustee that
defines the rights and obligations of the issuer and its creditors with respect to a bond issue.
Similar to a credit agreement for bank debt, an indenture sets forth the covenants and other terms
of a bond issue.
, Tender Offer Condition correct answers Each shareholder tendering their shares must receive the
same price.
If a registrant amends an employment agreement with a named executive or director, the
registrant must correct answers file an 8-k
To qualify for a short-form S-3 registration filing, a company must meet several requirements.
One requirement is that it must not have sold more than what percentage of its public float under
S-3 filings over the previous 12 calendar months? correct answers 33.33% ==> s3 = 33.33%
public float
P/E correct answers share price/
A broker-dealer is required to file notice of the resignation of a representative to FINRA within
correct answers 10 days
A member firm's supervisory system must include correct answers A member firm is required to
develop and maintain a supervisory system that includes written procedures. It must designate
principals to carry out supervisory functions and assign each registered representative to an
appropriately registered individual for supervision. A firm is required to designate one principal,
not two, to supervise an Office of Supervisory Jurisdiction (OSJ)
A broker-dealer must develop and deliver a Firm Element training program correct answers
Annually
Gross profit margin correct answers total sales - COGS
The filing of current quarterly and annual financial reports is a requirement for inclusion in what
markets? correct answers NASDAQ, NYSE OTCBB, not OTCpink
Funding Portals correct answers For crowd funding. Due diligence is not required
Under Regulation M the default restricted period begins correct answers Five business days
before securities are priced
If an equity holder in a Chapter 11 bankruptcy filing wishes to be treated as a creditor and
participate in the vote on a restructuring plan they can go to the bankruptcy court and file a
correct answers proof of interest
Rule 144 correct answers Permits the sale of unregistered stock of an existing public company
after a 6 mo holding period. Unless selling to a Qualified Institutional buyer, then there is no
holding period. Must file sale notice when placing an order to sell that company's stock during
any three-month period in which the sale exceeds 5,000 shares or units or has an aggregate sales
price greater than $50,000.
Qualified institutional buyer correct answers institutional buyer with $100mm in assets
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