Debt Securities. Corporate, Municipal, and Government
Free FINRA Series 7 (General Securities Representative) lesson in Investment Products and Recommendations. 24 min read, ~3,647 words.
Corporate bond hierarchy: secured (mortgage, equipment trust) unsecured (debenture) subordinated debenture. Conversion parity = conversion ratio x stock price. Convert only when parity exceeds the call price. GO bonds = taxing power. Revenue bonds = project income. Net revenue pledge pays O&M first. TEY = tax-free yield / (1 -...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- C11
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- C20
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- C22
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- C28
- C29
- C30
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