Unit 1 Securities Markets

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Across
  1. 3. Right to vote, bought for dividends and potential for appreciation
  2. 6. AKA adjustment bonds, used when a company is coming out of bankruptcy, not suitable for someone seeking income
  3. 8. Secured by real estate, most common type of secured bond
  4. 10. Value of stock during liquidation
  5. 12. Determined by supply and demand
  6. 13. Unsecured promissory note 270 days 9 months
  7. 16. Unsecured bonds are backed by the full faith and credit of the issuer
  8. 18. Arbitrary value used by the issue for accounting purposed
  9. 19. Bank issued, facilitate foreign securities. The bank issuing the ADR has the voting rights, not the holder of the ADR
  10. 20. Shares in the hands of the public
  11. 21. acceptance used for import/export 270 days 9 months
Down
  1. 1. Purchased at a deep discount, redeem at par (1,000) do not make interest pymts, taxed each year as if interest year paid. Suitable for long term investing
  2. 2. Shares actually sold to the public
  3. 4. Payments of interest and par value on a bond. Pay interest semi-annualy, When mature the issuer pays the par value plus half the interest
  4. 5. Backed by securities other than the issuers securities
  5. 7. Can be changed to common stocks of the issuer, Provide safety, senior to common stocks during liquidation
  6. 9. Dividend is stated as a percentage of par or stated as a dollar value
  7. 11. AKA rolling stock, backed by the equipment owned by the issuer
  8. 14. Shares to be sold
  9. 15. Shares repurchased by the issuer
  10. 17. Shares not yet sold to the public