Friday, November 12, 2010

Securities Licensing Exam - Chapter 3

I did much better on this chapter! Scoring 9/12 missing questions 7, 11 and 14. The questions I missed were on rights distribution/subscription ratio/subscription price and the market value of the rights, dividends to common stockholders vs. cummulative preferred stockholders (which i knew that they had to make up payments of dividends they hadn't paid to preferred stockholders, I only calculated 2 qtrs, not 3 to include the current qtr), and properties of warrants (I got the two correct, but thought they also had to go NYSE for OTC. this is incorrect, as they go to whatever exchange the underlying stock is registered in).

I feel much better about that chapter!

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