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STOCKS, BONDS,AND MUTUAL FUNDS
Chapter Twenty One
McGrawHill/Irwin Copyright © 2014 by The McGrawHill Companies, Inc. All rights reserved.
Learning unit objectives
LU21-1: Stocks
1. Read, calculate, and explain stock quotations.
2. Calculate dividends of preferred and common stocks; calculate return on investment.
LU 21-2: Bonds
1. Read, calculate, and explain bond quotations.
2. Compare bond yields to bond premiums and discounts.
LU 21-3: Mutual Funds
1. Explain and calculate net asset and mutual fund commissions.
2. Read and explain mutual fund quotations.
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Stocks
Stock –
shares of ownership in a company
Preferred stock –
does not allow voting rights, but gives preference over common stockholders in dividends
Common stock –
stock that allows owners to have voting rights
Cumulative preferred stock –
entitles its owners to a specific amount of dividends in 1 year
213
Stocks
Stockholders
Elect
Dividends –
payments to shareholders from profit
Board of Directors
Elect
Officers of Corporation
Dividends in arrears -payments owed to cumulative preferred shareholders
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How Stocks Are Traded?
Stock exchanges –
an orderly trading place for stock
Stockbrokers –
People who buy and sell stock on the floor of the exchanges; they charge a commission for trading stocks
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