Across
- 5. Under this rule, any ambiguity must be resolved against granting the challenged preferences, rights or powers (2 words)
- 6. Acronym for a term meaning the total amount of present value
- 8. The existing cash flow generated by retained profits (2 words)
- 9. Acronym for a term meaning the discount rate that satisfies the time value formula given a present value cash flow and expected future value given a specific time horizon
- 10. A selling intermediary between issuer and investors
- 12. A document written by counsel to address the concern of investors that a transaction is legally binding.
- 13. In a capital ______ transaction, the balance sheet gets bigger
- 14. This provision in the corporate charter authorizes the creation of shares without shareholder approval (2 words)
Down
- 1. This type of market has 3 main categories: (1) money market, (2) bank loan market, and (3) bond market
- 2. Already-issued securities are sold in this market
- 3. Acronym for a type of note that tends to have a maturity between 9 months and 10 years
- 4. A tax benefit of debt that deducts interest expense from taxable profit, therefore reducing tax liability (3 words)
- 7. Newly-issued securities are sold in this market
- 11. This type of market has 2 main categories: (1) exchange-traded futures and options markets, and (2) over-the-counter (OTC) derivatives