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Series 7 Exam Session 12 - Bond Overview

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Session 12 in our Series 7 exam videos. Provides an overview of bonds for the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com
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Text Comments (13)
Noah Hughes (2 years ago)
Thanks for posting this! I am still struggling with why a premium bond would have current yield lower than nominal yield. If interest rates have gone down, the premium bond can be priced at a "premium" because it's interest is locked in at a higher rate therefore bringing the bond holder higher income? Why would someone pay MORE for a bond that now has a current yield lower than its coupon yield? I know I'm not getting something fundamental here...
BiellasPointofView (2 years ago)
+Noah Hughes You're right! looks like they did! I work in a risk department. I had very basic knowledge of the brokerage industry until I read the book. I'm not required to have a series 7 for my position but was recommended to take it to gain knowledge and to also help me if I get interested in other departments. I'll do it one last time, hopefully I'll pass it as well as the 63. I need a study break! it's tiring : )
Noah Hughes (2 years ago)
+BiellasPointofView I think they may have taken away the PM feature! It's okay, don't worry :)
Noah Hughes (2 years ago)
BiellasPointofView okay thanks a lot for the advice! You'll get it next time you were just a hair short! What are you taking the test for if you don't mind me asking? What do you do? I'm still very new to finance
Noah Hughes (2 years ago)
+BiellasPointofView How did it go??
BiellasPointofView (2 years ago)
Noah Hughes thank you!
Philip Haimm (3 years ago)
Pardon the arrogance, but...Contract is an "indenture" not a debenture. A debenture is an unsecured bond.
Passing Score (3 years ago)
+Philip Haimm No arrogance at all, thanks for the comment and correction. You are absolutely right. The contract is an indenture not the debenture.

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