Скачать или смотреть Series 7 Exam Podcast Series Episode 3 Equity Securities

   • Series 7 Exam Prep Equity Securities Lectu...  
   • Series 7 Exam Prep Convertible Bonds & Con...  
Equity securities
• Types of stock (e.g., authorized, issued, outstanding, Treasury stock, stated value)
• Characteristics of common stock
 Rights of common stockholders (e.g., pre-emptive right, pro rata share of dividends, access to
corporate books, voting power (statutory, cumulative, nonvoting), residual claims on corporate assets)
 Spinoffs
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 Stock acquired through a consolidation or transfer
 Penny stocks and rules associated with penny stock transactions
• Characteristics of preferred stock
 Types of preferred stock (e.g., cumulative, non-cumulative, participating, nonparticipating, convertible,
callable, adjustable-rate and variable-rate)
 Rights of preferred stockholders (e.g., preference upon corporate dissolution, dividend payment,
conversions, sinking fund provisions)
• Rights and warrants: origination, exercise terms, relationship of subscription price to market price of
underlying stock, anti-dilution agreement
• Electronic exchanges or auction markets (e.g., electronic communications networks (ECNs), over-thecounter (OTC), dark pools of liquidity)
• Types and characteristics of non-U.S. market securities (e.g., American Depositary Receipts (ADRs),
corporate equity)
• Tax treatment of equity securities transactions
 Capital gains and losses, dividend distributions (qualified and non-qualified), wash sales, holding
periods
 Determination of net long-term and short-term gains or losses
 When-issued securities, securities acquired through conversion
 Calculation of cost basis per share on: purchases, exchange of convertibles for common shares, stock
dividends and stock rights, inherited or gifted securities
 Cost valuation: FIFO, LIFO, identified shares