Series 7 Formulas

1) the higher the ratio, the higher the number of common shares exchanged per convertible security

1) par value of convertible bond / conversion price on equity

2) price at which bond can be converted to stock

2) par value / the conversion ratio

3) price at which a convertible security equals price of the stock

3) price of convertible security / conversion ratio

Nav per share / (1-sales charge)

(POP - NAV) / POP

total CR / 1.3

total DR / .75

LMV + CR - DR - SMV = EQ

NI / (P + i)

1) corp rate x (1-tax bracket)

2) muni rate / (1-tax bracket)

total $ purchased / # shares purchased

share price total / number of investments

issued shares - treasury shares