A transaction initiated by the investor to buy a security. This is the first security a corporation issues to raise capital. A distribution of the earnings of a corporation. The board of directors must declare a dividend before it can be paid. SMG Worldwide does not pay dividends.
Interest is charged on loans using an average daily balance method.
The average daily balance used in producing a particular interest charge is shown as part of the entry in the weekly team portfolio. The interest rate is the same as that used by brokers at the beginning of SMG Worldwide. E xecution of sell or short cover transactions. Value of long positions is simply the sum of each long position multiplied by the current price. If the margin requirement is not satisfied within 7 consecutive days, the computer is programmed to automatically satisfy it by liquidating sufficient long and short positions, beginning with the lowest priced stocks.