The Investor's Primer
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In our eReader you can find the full English version of the book. Read The Investor's Primer Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Investor's Primer
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It usually issues bonds as well as stock itself. Its bonds are collateral trust bonds, being secured by bonds or stocks of other companies owned by it. A securities company is not necessarily a con- trolling company — ^it is not necessary that it should possess a majority of the stocks of the companies whose securities are included in its assets.
SELLER'S OPTION. A seller's option is, in effect, a put. In stocks sold on seller's op- tion the seller may, when the option is for more 120 THE INVES...TOR'S PRIMER than three days, put (deliver) the stock on any day within the specified time on one day's notice to the buyer. In a contract for four or more days the buyer, unless the contract is fiat (without interest), pays to the seller interest at the legal rate on the price of the stock up to the day of delivery. The amount of a divi- dend becoming due during the pendency of a contract is payable by the seller to the buyer.
No contract on seller's (or buyer's) option for less than 4 days or which extends beyond 60 days can be entered into on the New York Stock Exchange.
What to read after The Investor's Primer?
You can find similar books in the "Read Also" column, or choose other free books by Moody, John, 1868-1958 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It usually issues bonds as well as stock itself. Its bonds are collateral trust bonds, being secured by bonds or stocks of other companies owned by it. A securities company is not necessarily a con- trolling company — ^it is not necessary that it should possess a majority of the stocks of the companies whose securities are included in its assets.
SELLER'S OPTION. A seller's option is, in effect, a put. In stocks sold on seller's op- tion the seller may, when the option is for more 120 THE INVES...TOR'S PRIMER than three days, put (deliver) the stock on any day within the specified time on one day's notice to the buyer. In a contract for four or more days the buyer, unless the contract is fiat (without interest), pays to the seller interest at the legal rate on the price of the stock up to the day of delivery. The amount of a divi- dend becoming due during the pendency of a contract is payable by the seller to the buyer.
No contract on seller's (or buyer's) option for less than 4 days or which extends beyond 60 days can be entered into on the New York Stock Exchange.
What to read after The Investor's Primer?
You can find similar books in the "Read Also" column, or choose other free books by Moody, John, 1868-1958 to read onlineMoreLess
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