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Series 6
Series 6 Formulas
| Term | Definition |
|---|---|
| Net Asset Value (Per Share) | NAV = (Total Assets - Total Liabilities) / # of shares outstanding |
| Dividend Yield (stocks) | Annual Dividend / Current Market Price |
| Current Yield (bonds) | Annual Int / Current Market Price |
| Conversion Price or Conversion Ratio | 100 (Par Value) / Conversion Ratio = Conversion Price 100/ Conversion Price = Conversion Ratio (# of shares received) |
| Public Offering Price (POP) as % | NAV / (100% - Sales Charge%)= POP or NAV / (1 - S. C.) = POP |
| POP aka ASK Price Sales Charge in $ | ASK = NAV + S. C. S. C. = ASK - NAV |
| Sales Charge as % | (POP - NAV) / POP *** Then convert to % |
| Taxable Equivalent Corporate Yield *** Puts a municipal investment on the same level as a taxable investment | = Municipal Yield / (100% - Tax Bracket %) |
| Tax Free or Municipal Yield Equivilent | = Corporate Rate x (100% - Tax Bracket) |
| Parity | Bond Market Value / # of shares on Conversion |
| Avg Market Price Per share | Total of share prices / # of investments |
| Dollar Cost Avg Per share | Total Dollars Invested / # of shares purchased |
| # of shares outstanding | Issued shares - Treasury shares |
| Shareholder's Equity | Assets - Liabilities |
| Capital Gain or Losses | Sales Proceeds - Cost Basis |