SMC Crossword 2024/2025

2. A ratio for valuing a company that measures its current share price relative to its per-share earnings.
3. Acronym that describes a company's initial sale of stock in order to raise money.
6. The ease with which an asset can be converted into cash without affecting its market price.
8. Highest rating a bond issuer can receive.
9. Term for a type of nonviolent crime that typically involves stealing money.
10. A type of security where the borrower agrees to pay interest on a loan after a set period of time.
14. The act of investing across a wide variety of asset classes to mitigate risk.
16. The name for a bond that is purchased above its par value
18. Stock ticker of a large technology company whose HQ resides in Cupertino, California.
20. Current Secretary of the Treasury under the Biden Administration.
21. The annual rate of return an investor expects to receive from investment in a bond.
22. A type of bank account similar to a checking account that provides higher interest rates than traditional accounts.
23. A type of security that represents ownership in a corporation and signifies a claim on part of the corporation's assets and earnings.
24. Many companies in this sector are set to report earnings this week (1/13-1/17).
25. One of three main ratings agencies; it's lowest bond rating is D.

1. This type of bond is a bond purchased on the secondary market at a price less than its par value.
2. A name for the range of investments or assets held by a person or entity.
4. Current chairman of the Federal Reserve.
5. Making small loans to people in need with no expectation of interest being paid back or any return on investment.
7. A tax set by a government on a country's imports or exports.
11. Acronym for a type of bank account that offers higher interest rates than a typical savings account, but with similar functionality.
12. Date in which a borrower must pay back the value of a bond to the lender.
13. The degree of variation in the price of a financial instrument over time, indicating the level of risk.
15. A type of security many banks offer that locks you into a set interest rate to be paid at the end of its expiration.
17. Index fund made up of 30 different companies across various industries.
19. When an issuer fails to make interest payments or pay back the principal amount of a bond.
22. One of only two companies to have the highest possible bond rating; the other is Johnson and Johnson.