If the Closing Tick of the Day Is +724, This

question 80

Multiple Choice

If the closing tick of the day is +724, this means that the:

• A) DJIA ended the day up 724 basis points.
• B) discount rate at the end of the day was 7.24 percent.
• C) number of stocks closing on an uptick was 724.
• D) number of stocks closing on an uptick exceeded those closing on a downtick by 724.
• E) number of stocks closing on an uptick was 724 more than on the prior trading day.

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Definitions:

Strip Bond

A bond variant where the capital and ongoing interest payments are split and each sold as separate zero-coupon bonds.

Compounded Semi-annually

Interest that is compounded and added to the principal twice per year, emphasizing the process of growth due to reinvestment of interest.

Issue Price

The price at which a new issue of securities is offered to the public.

Strip Bond

A bond where both the principal and regular interest payments have been removed, typically sold at a discount and pays no interest until maturity.