Cash, Debt, and Equity Vehicles

Free NASAA Series 66 (Uniform Combined State Law Examination) lesson in Investment Vehicle Characteristics. 23 min read, ~3,451 words.

FDIC and NCUA insure deposits up to \$250,000 per depositor, per institution, per ownership category; SIPC covers brokerage \$500K total / \$250K cash sublimit if the firm fails, never market losses. Bond prices and yields move inversely; longer duration, lower coupon, and lower yield all raise duration, and a zero-coupon...