series 7 dump sheet

basis point

0.01%

1 basis point is worth

1$

bond point

1% of par

stock and calls BE

stock - premium

stock and put BE

stock + premium

ex-date

1 day before record date

ex-date is the first

day the stock trades w/o divd

broker earns

commission

dealer

sells from inventory mark up/down

eastern syndicate

undivided liability for all unsold bonds

western syndicate

only responsible for allocation

mutual fund capital gain distribution

taxed at capital gain rate

mutual fund divd distribution

taxed as income

straddle BE

x + net premium & x - net premium

long put spread

long strike- debit

short put spread

short strike - credit

long call spread

long X + debit

short call spread

short strike + credit

Term bond

% of par

Serial bond

Ytm