THE EQUITY SECURITIES MARKET股票市場(chǎng)
▲Common stocks: Common stocks, also known as equity securities or equities, represent ownership shares in a corporation.
●Residual claim means that stockholders are the last in line of all those who have a claim on the assets and income of the corporation.
●Limited liability means that the most shareholders can lose in the event of failure of the corporation is their original investment.
▲Preferred Stocks: Preferred stock is like a perpetual bond. A given dollar amount is to be paid each year by the issuer to the investor.
—The cumulative preferred stocks are the preferred stocks that all previously unpaid preferred stock dividends must be paid before any dividends may be paid on the common stock.
—The uncumulative preferred stocks are the preferred stocks that all previously unpaid preferred stock dividends needn’t be paid.
—The adjustable rate preferred stock is preferred stock that the dividend is reset periodically in terms of an applicable rate. The auuualized “percent of par” for the dividend might be reset every three months to be equal to the largest of the rates on: (1) three-months Treasure bills;(2)ten-year Treasury bonds;(3)20-year Treasure bonds.
—The callable preferred stocks are callable at a stated redemption price.
—Participating preferred stock entitles the holder to receive extra dividends when earnings permit.
—Convertible preferred stock may, at the option of the holder, be converted into another security (usually the firm’s common stock) on the stated terms.
股票市場(chǎng)
▲普通股：普通股，又被稱為股票或股份，代表在公司的所有權(quán)憑證。
●剩余索取權(quán)意味著股票所有者最終的對(duì)公司財(cái)產(chǎn)和收入的要求權(quán)。
●有限責(zé)任意味著一旦公司破產(chǎn)，大多數(shù)股票所有者的損失僅限于他們的初始投資。
▲優(yōu)先股：優(yōu)先股就好象永續(xù)債券。發(fā)行人每年向投資人支付一個(gè)給定的貨幣額。
—累積優(yōu)先股是這樣一種優(yōu)先股，所有以前未支付的優(yōu)先股股利必須在普通股股利支付之前支付。
—非累積優(yōu)先股是這樣一種優(yōu)先股，所有以前未支付的優(yōu)先股股利不必支付。
—可調(diào)整比例的優(yōu)先股是這樣一種優(yōu)先股，股利依據(jù)一個(gè)合適的利率定期重新確定。紅利的年化利率以下利率的值每三個(gè)月重新設(shè)定一次：（1）三個(gè)月的國(guó)庫(kù)券；（2）十年期國(guó)債；（3）二十年期國(guó)債。
—可回購(gòu)的優(yōu)先股可以一個(gè)預(yù)先確定的價(jià)格回購(gòu)。
—當(dāng)贏利允許，參與優(yōu)先股賦予持有人收取額外紅利的權(quán)利。
—可轉(zhuǎn)換優(yōu)先股賦予持有人一項(xiàng)期權(quán)，在確定的期限轉(zhuǎn)換為另外一種證券（通常是公司的普通股票）。
▲Common stocks: Common stocks, also known as equity securities or equities, represent ownership shares in a corporation.
●Residual claim means that stockholders are the last in line of all those who have a claim on the assets and income of the corporation.
●Limited liability means that the most shareholders can lose in the event of failure of the corporation is their original investment.
▲Preferred Stocks: Preferred stock is like a perpetual bond. A given dollar amount is to be paid each year by the issuer to the investor.
—The cumulative preferred stocks are the preferred stocks that all previously unpaid preferred stock dividends must be paid before any dividends may be paid on the common stock.
—The uncumulative preferred stocks are the preferred stocks that all previously unpaid preferred stock dividends needn’t be paid.
—The adjustable rate preferred stock is preferred stock that the dividend is reset periodically in terms of an applicable rate. The auuualized “percent of par” for the dividend might be reset every three months to be equal to the largest of the rates on: (1) three-months Treasure bills;(2)ten-year Treasury bonds;(3)20-year Treasure bonds.
—The callable preferred stocks are callable at a stated redemption price.
—Participating preferred stock entitles the holder to receive extra dividends when earnings permit.
—Convertible preferred stock may, at the option of the holder, be converted into another security (usually the firm’s common stock) on the stated terms.
股票市場(chǎng)
▲普通股：普通股，又被稱為股票或股份，代表在公司的所有權(quán)憑證。
●剩余索取權(quán)意味著股票所有者最終的對(duì)公司財(cái)產(chǎn)和收入的要求權(quán)。
●有限責(zé)任意味著一旦公司破產(chǎn)，大多數(shù)股票所有者的損失僅限于他們的初始投資。
▲優(yōu)先股：優(yōu)先股就好象永續(xù)債券。發(fā)行人每年向投資人支付一個(gè)給定的貨幣額。
—累積優(yōu)先股是這樣一種優(yōu)先股，所有以前未支付的優(yōu)先股股利必須在普通股股利支付之前支付。
—非累積優(yōu)先股是這樣一種優(yōu)先股，所有以前未支付的優(yōu)先股股利不必支付。
—可調(diào)整比例的優(yōu)先股是這樣一種優(yōu)先股，股利依據(jù)一個(gè)合適的利率定期重新確定。紅利的年化利率以下利率的值每三個(gè)月重新設(shè)定一次：（1）三個(gè)月的國(guó)庫(kù)券；（2）十年期國(guó)債；（3）二十年期國(guó)債。
—可回購(gòu)的優(yōu)先股可以一個(gè)預(yù)先確定的價(jià)格回購(gòu)。
—當(dāng)贏利允許，參與優(yōu)先股賦予持有人收取額外紅利的權(quán)利。
—可轉(zhuǎn)換優(yōu)先股賦予持有人一項(xiàng)期權(quán)，在確定的期限轉(zhuǎn)換為另外一種證券（通常是公司的普通股票）。