Debt Securities. Corporate, Municipal, and Government
Free FINRA Series 7 (General Securities Representative) lesson in Investment Products and Recommendations. 25 min read, ~3,732 words.
Corporate bond hierarchy: secured (mortgage, equipment trust) unsecured (debenture) subordinated debenture. Conversion ratio = par / conversion price. Parity = conversion ratio x stock price. Convert only when parity exceeds the bond or call price. GO bonds rely on taxing power and need voter approval; revenue bonds rely on project...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- C11
- C12
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- C20
- C21
- C22
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- C24
- C25
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- C27
- C28
- C29
- C30
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