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    The document provides information on various financial instruments and concepts including: 1) Stock terms like forward/reverse splits and preferred stock dividend yields. Highest yields for straight/callable preferred stocks. 2) Bond conversion ratios and prices. Discount bonds have highest yields to maturity and call. 3) Option strategies like covered calls, puts, and their profit/loss profiles. 4) Market order types and their execution guarantees or lack thereof. 5) Settlement periods and conventions for different financial products.

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    The document provides information on various financial instruments and concepts including: 1) Stock terms like forward/reverse splits and preferred stock dividend yields. Highest yields for straight/callable preferred stocks. 2) Bond conversion ratios and prices. Discount bonds have highest yields to maturity and call. 3) Option strategies like covered calls, puts, and their profit/loss profiles. 4) Market order types and their execution guarantees or lack thereof. 5) Settlement periods and conventions for different financial products.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    125 views2 pages

    SIE Exams - Exam Dump

    Uploaded by

    BAnne Label
    The document provides information on various financial instruments and concepts including: 1) Stock terms like forward/reverse splits and preferred stock dividend yields. Highest yields for straight/callable preferred stocks. 2) Bond conversion ratios and prices. Discount bonds have highest yields to maturity and call. 3) Option strategies like covered calls, puts, and their profit/loss profiles. 4) Market order types and their execution guarantees or lack thereof. 5) Settlement periods and conventions for different financial products.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    of 2

    stock

    forward 2/1
    reverse 1/2

    preferred stock
    div yield = income /par
    cy = income/mp

    hghest yield is straight and callable


    lowest yield for all others

    bond
    conversion ratio = par/share price
    conversion price = bond price/ratio

    discount bonds = n, cy, ytm, ytc highest


    premium bonds = n, cy, ytm,ytc lowest

    OPTIONS
    long call
    mg unlimited; max loss; premium; b/e= s+p

    short call
    mg premium; max loss;unlimited b/e= s+p

    long put
    mg s-p; max premium; b/e= s-p

    short put
    mg premium; max loss; s-p; b/e= s-p

    option strategies
    long stock/long put
    long stock/short call
    short stock/long call
    short stock/short put s

    long stock/long put mg= unlimited; ml= be-strike be= stock+premium (h) -
    bullish sentiments
    long stock/short cal mg= strike-be; ml=be; be=stock-premium (income) -
    covered call - neutral/slightly bullish sentiments
    short stock/long call mg=be; ml=strike-be; be= stock-premium (h) -
    bearish
    short stock/short put mg = be-strike; ml= unlimited; be=stock+premium (income) -
    covered put- neutral/slightly bearish sentiment

    MARKET ORDERS

    SLoBS price set above mp no dividend reset


    ----------------------------------------------
    BLiSS price set below mp dividend reset

    MARKET ORDER RULES


    market order; next available mp, guarantee execution
    limit order; best price; no execution guarantee buy goes below; sell goes above
    stop order; nothing guaranteed, protect loss/gains; buy goes above mp; sell goes
    below mp
    stop limit; same as stop order but trigger limit

    FOK- immediate filled exact amount or kill


    IOC - immediate, as many shares as possible then cancel fo remaining unfilled
    AON - all shares filled, keep trying until filled no immediate

    goverment actual/365
    other 30/360

    goverment, options t+1


    others, execute options T+2
    pay T+4

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