public offering price REIT real estate investment trust RR registered representative SAI statement of additional information SEC Securities and Exchange Commission SEP simplified employee pension plan SIPC Securities Investor Protection Corporation SLMA Student Loan Marketing Association SRO self-regulatory organization STRIPS Separate Trading of Registered Interest and Principal of Securities T+3 trade date plus three business days settlement TCPA Telephone Consumer Protection Act TSA tax-sheltered annuity UGMA/UTMA Uniform Gift (Transfers) to Minors Act UIT unit investment trust UPC Uniform Practice Code VIX volatility market index VLI variable life insurance VRDOS variable rate demand obligations YLD yield YTC yield to call YTM yield to maturity ZR zero-coupon
699 © 2011 Kaplan, Inc. To Calculate… Use Formula… Dividend yield Annual dividend Current market price Current yield Annual interest Current market price Number of shares for conversion Par value Conversion price Parity Bond market value Number of shares Tax-free equivalent yield Corporate rate × (100% – tax bracket) Tax-equivalent yield Municipal rate (100% – tax bracket) NAV of mutual fund share Fund NAV Number of shares outstanding Sales charge percentage POP – NAV POP Public offering price (POP) NAV per share (100% – sales charge percentage) Dollar cost average Total dollars invested Number of shares purchased Average market price Share price total Number of investments Number of outstanding shares Issued shares – treasury shares Shareholders’ equity Assets – liabilities Calculations
701 Glossary A acceptance, waiver, and consent A process for settling a charge or complaint that is quicker and less formal than the regular complaint procedure. Related item(s): Code of Procedure. acceptance ratio See placement ratio. account executive (AE) See registered representative. accredited investor As defined in Rule 502 of Regulation D, any institution or individual meeting minimum net worth requirements for the purchase of securities qualifying under the Regulation D registra- tion exemption. An accredited investor is generally accepted to be one who: has a net worth of $1 million or more not including ■ net equity in a primary residence; or has had an annual income of $200,000 or more ■ during each of the two most recent years (or $300,000 jointly with a spouse) and who has a reasonable expectation of reaching the same income level during the current year. accretion of bond discount An accounting process whereby the initial cost of a bond purchased at a discount is increased annually to reflect the basis of the bond as it approaches maturity. accrual accounting A method of reporting income when earned and expenses when incurred, as opposed to reporting income when received and expenses when paid.
- Summer '16