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FinCh8
| Question | Answer |
|---|---|
| dividend growth model | a model that determines the current price of a stock as its dividend next period dividend by the discount rate less the dividend growth rate |
| dividend yield | a stock's expected cash dividend divided by its current price |
| capital gains yield | the dividend growth rate, or the rate at which the value of an investment grows |
| common stock | equity w/o priority for dividends or in bankruptcy |
| cumulative voting | a procedure in which a shareholder may cast all votes for one member or the board of directors |
| straight voting | a procedure in which a shareholder may cast all votes for each member or the board of directors |
| proxy | a grant of authority by a shareholder allowing another individual to vote his or her shares |
| dividends | payments by a corp. to shareholders, made in either cash or stock |
| preferred stock | stock with dividend priority over common stock, normally w/a fixed dividend rate, sometimes w/o voting rights |
| primary market | the market in which new securities are originally sold to investors |
| secondary market | the market in which previously issued securities are traded among investors |
| dealer | an agent who buys and sells securities from inventory |
| broker | an agent who arranges security transactions among investors |
| member | as of 2006, the owner of a trading license on the NYSE |
| commission brokers | NYSE members who execute customer orders to buy and sell stock transmitted to the exchange floor |
| specialist | a NYSE member acting as a dealer in a small number of securities on the exchange floor; often called a market maker |
| floor brokers | NYSE members who execute orders for commission brokers on a fee basis, sometimes called $2 brokers |
| SuperDOT system | an electronic NYSE system allowing orders to be transmitted directly to the specialist |
| floor traders | NYSE members who trade for their own accounts, trying to anticipate temporary price fluctuations |
| order flow | the flow of customer orders to by and sell securities |
| specialist's post | a fixed place on the exchange floor where the specialist operates |
| over-the-counter market (OTC) | securities market in which trading is almost exclusively done through dealers who buy and sell for their own inventories |
| electronic communications network (ECN) | a website that allows investors to trade directly w/each other |
Created by:
skraitup22