Reading 47 overview of equity securities questions and answers

=@E=#E@&$DÿG@%$Dÿ

()-@F$>@I$ÿG((MÿF@E#$J

$)D')IÿG((MÿF@E#$J

G$I'))')IÿG((MÿF@E#$J

R?$ÿD'A$>$)=$ÿG$&S$$)ÿ@ÿABT%ÿG@E@)=$ÿ%?$$&ÿ@%%$&%ÿ@)DÿE@G'E$%ÿ'%ÿ$;#@Eÿ(ÿ&?$ÿABT

%-G((MÿF@E#$ÿ(Aÿ$;#'&<J

')&>)%'=ÿF@E#$ÿ(Aÿ$;#'&<J

B@>M$&ÿF@E#$ÿ(Aÿ$;#'&<J

UE(G@EÿD$C(%'&(><ÿ>$=$'C&%ÿ@>$ÿNOPQÿYZW[ÿ'

%%#$D-(#&%'D$ÿ&?$ÿ'%%#$>T%ÿ?(B$ÿ=(#)&><ÿ@)DÿD$)(B')@&$Dÿ')ÿ&?$ÿ$\=?@)I$T%ÿ?(B$ÿ=#>>$)=<J

')ÿ&?$ÿ])'&$Dÿ^&@&$%ÿ@)DÿD$)(B')@&$Dÿ')ÿ]J^JÿD(EE@>%J

(#&%'D$ÿ&?$ÿ'%%#$>T%ÿ?(B$ÿ=(#)&><ÿ@)DÿD$)(B')@&$Dÿ')ÿ]J^JÿD(EE@>%J

P)ÿ4*.*68

>-)*0,ÿ9/8

M,.ÿC LNOBAAABAAA

M,.ÿP,5. LNOQBAAABAAA

Rÿ*7 LNOBAAABAAA

'(*ÿ<(ÿ@+,( LNOS

@+,(ÿT,6J AABAAA

M+ÿ>=ÿ*(ÿ)ÿ',(.K/(ÿ+,/ÿ,

54ÿ/,.ÿ)ÿLNOBAABAAA8

54ÿ/,.ÿ)ÿLNOUBAAABAAA8

7,(4ÿ/,.ÿ)ÿLNOBAAABAAA8

',(*<,Jÿ<()(*ÿ+,(ÿ0123ÿGHEI

(*/ÿV(,ÿ6/66ÿ)7ÿ<()ÿV*6ÿ,ÿ<(6(76ÿ+(+.68

J/ÿ+ÿ+,(+.6(ÿ+ÿ(J+ÿÿ +ÿ+,(ÿ5,*4ÿÿ+ÿ)7ÿ,ÿ,ÿ<*)*ÿ<(*8

*,ÿ5ÿV*+,J6ÿ)(ÿ*77ÿ*4ÿ,ÿ,ÿ(,ÿ6(76ÿ,ÿ,*8

4&10)+ÿ0ÿ0)&ÿ)2&ÿ-&).ÿ4&10)+ÿ0&ÿ0)&5

$ÿ)ÿ+2&ÿ17)ÿ2ÿ1Cÿ0)ÿ-&).5

D0ÿ$010ÿ2ÿ0ÿ277$*ÿ.4ÿ2ÿ6.ÿ0)&ÿ+ÿ0ÿ%&ÿ.41)77.ÿ0)%ÿ0ÿ*&)ÿ%*ÿ4$&E

(33ÿ0)&5

F)&14)*ÿ4&2&1ÿ0)&5

G4&+ÿ+4&.ÿ&145

>AF>#FA&$EÿHA%$Eÿ

()-AG$?AJ$ÿH((PÿGAF#$K

N,F35JÿO+E3ÿ*Bÿ5+3CC>ÿF3Eÿ5+3+ÿ3AC>ÿÿ*,ÿÿC5I+Bÿ+CÿA,3ÿF>ÿ4ÿÿN@+,ÿ@++

O+E3ÿP>ÿ,+ÿ3+ÿP4ÿ34ÿ4ÿÿ34ÿÿ@AC,ÿ,+ÿB3+[JÿLC4+ÿ*ÿ@+E3ÿP>ÿBÿ53ÿG

F+ÿE+ÿÿCCFÿ,+JÿO+E3ÿP>ÿ,+ÿ3+ÿ>@,3CC>ÿ4ÿÿP3C4ÿ3CÿE+J

)*+,

01234567ÿ-.6/0ÿ1ÿ$ÿ2ÿ)345ÿÿ2ÿ671ÿ,

829:42;ÿ<:42.5:90

=>ÿ?,@ÿA>ÿ671

Cÿ,>ÿ,=1ÿDAÿEÿ12ÿ1F=10ÿDGÿF1.ÿ-ÿ@Aÿ,=1ÿDAÿEI

Cÿ,>ÿ,=1ÿDAÿEÿ12ÿ1F=10ÿDGÿF1.ÿ-ÿ@Aÿ,=1ÿDAÿHEI

JKL.11

M=ÿÿ@Aÿÿÿ,>ÿ2F22ÿDAÿ1F=10ÿDGÿF1.ÿ-ÿ@AIÿÿ+ÿDGÿF1.ÿ-ÿ@Aÿ2,=1ÿ=.1F.Aÿ>=ÿ+1

ÿ,>ÿ2,=1Nÿ=ÿÿ@Aÿ/.,=1IÿO+ÿ=1ÿ+1ÿ1ÿ,=1ÿÿMPJÿÿÿ,1=AÿLFÿ-=ÿ+

->IÿQÿ11.Aÿ>ÿK1>ÿ+ÿ=1ÿ-=ÿ,+10ÿÿMPJI

O+ÿDGÿF1.ÿ12ÿ>1=GÿF1.ÿ-ÿ@ÿÿ1 Aÿ+ÿ1>I

d110>ÿ,1ÿ2=,.Aÿ,=1ÿ+ÿ>1=GÿF1.ÿ-ÿ@AÿDAÿ,=10ÿÿ,>I

J@Aÿ,1L1.ÿÿAL,1 Aÿ2ÿ-=ÿ+ÿL=,+1ÿ-ÿ0e=>ÿ1ÿ12ÿKL1ÿ

/ÿ1=1I

JKL.11

J@Aÿ,1L1.ÿÿ2ÿ-=ÿ+ÿL=,+1ÿ-ÿ0e=>ÿ1Nÿ@L>N1=,+ÿ12ÿ2F.L>ÿ12ÿKL1ÿÿ/Dÿ=ÿ00=1L+,ÿ1=1IÿfGÿF1.ÿ12ÿ>1=GÿF1.ÿ-ÿ@ÿ1=ÿ1.>ÿ1./1AÿF1.2ÿ2-=.AIÿd110>ÿ,1

CÿÿEFGHÿLMJNÿÿ4,ÿOÿO6Oÿ,ÿÿOÿD,ZÿP-4Pÿ-,,-?[

-UA4,5ÿÿÿD6ÿ5D55QÿÿOÿ-,,-?ÿÿ5A,-46WÿD,ÿ+Uÿ5ÿOÿ-,?ÿXPSA,-ÿ+,6

S-O46ÿPÿO4ÿ5-,4ÿO,,Q

*+,-

01234567ÿ./601ÿ2ÿÿ3ÿ*456ÿ(ÿ3ÿ782ÿ

92:;42<ÿ=;42/5;:1

>?ÿ@-AÿB?ÿ782

<.8,

01234567ÿ=>6?@ÿAÿÿBÿ<*52ÿ&ÿBÿCDAÿ

F2GH42IÿJH42>5HG@

g4<OÿK47ÿ=ÿ8)ÿeÿg4<Oÿ,<+ÿ,<ÿ24<ÿhÿ24<ÿ45Lÿeÿ_(`cÿhÿ;;>;;;ÿeÿ_(`>;;>;;;

T=<+

01234567ÿUV6WXÿ0ÿÿYÿT45Lÿ'ÿYÿ./0ÿL

Z2[\42]ÿ^\42V5\[X

()ÿ*+,ÿ-)ÿ./0

291I:DÿIÿI:9ÿ:E9ÿW9:/ÿ291I:DÿI9ÿI:9G

Vÿ:ÿDE9ÿ1J:ÿEÿ1[ÿI:ÿW9:/G

7K2J::

E9ÿ1J:ÿEÿ1FFÿ1[ÿ1:ÿI:HÿDE9ÿ:9ÿVIÿ921ÿÿDHDDOÿ1[ÿ2JOÿHMÿ2V9ÿ:Dÿ9

IÿEFLÿ:ÿ:9ÿJ8D:DGÿÿW9:/ÿVÿ29E99DÿI:9OÿIÿVJDÿ3ÿF9ÿJ[J/ÿÿ91Hÿ:ÿDHDDÿI:ÿUV9L1FFÿI:9GÿÿW9:/ÿI:Dÿ291I:DÿI:9ÿ3E9ÿ:ÿKNDHDDÿD:ÿ:DÿUV9ÿ291I:DÿIÿ:Fÿ1J:ÿEÿI:9ÿ:E9

I:ÿKNDHDDÿD:OÿW9:/ÿVJDÿ91Hÿ:ÿDHDDÿI:ÿUV9ÿDDÿG

QE91

01234567ÿR,6S-ÿ6ÿÿTÿQ:DMÿÿTÿ456ÿ3

'2()42*ÿ+)42,5)(

-./ÿ012ÿ3/ÿ456