100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Series 65 Brian Lee Study Guide $15.49   Add to cart

Exam (elaborations)

Series 65 Brian Lee Study Guide

 1 view  0 purchase
  • Course
  • Finra
  • Institution
  • Finra

yield curve Correct Answer-longer term bonds have higher yields than shorter term bonds balance sheets Correct Answer-Assets= liabilities + shareholders equity current ratios Correct Answer-current assets divided by current liabilities Quick Ratio (Acid Test) Correct Answer-(Current Assets...

[Show more]

Preview 4 out of 38  pages

  • October 6, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Finra
  • Finra
avatar-seller
cracker
Series 65 Brian Lee Study Guide
yield curve Correct Answer-longer term bonds have higher yields than
shorter term bonds


balance sheets Correct Answer-Assets= liabilities + shareholders equity


current ratios Correct Answer-current assets divided by current liabilities


Quick Ratio (Acid Test) Correct Answer-(Current Assets - Inventories) /
Current Liabilities


beta Correct Answer-A measure of a stock's volatility compared to
changes in the overall stock market.


alpha Correct Answer-(actual return − risk-free rate) - (beta × [market
return − risk-freerate])


mean Correct Answer-add up all the #'s and divide by the # of #'s


median Correct Answer-middle


mode Correct Answer-occurs most often


range Correct Answer-Distance between highest and lowest #'s

,correlation Correct Answer-how two different investments react at the
same time


negative correlation Correct Answer-when one stock goes up the other
goes down


systematic risk Correct Answer-market risk, interest rate risk, currency
risk


unsystematic risk Correct Answer-business risk, regulatory risk, political
risk


record date Correct Answer-must be share holder on or before to receive
dividend


Coupon/Nominal rate Correct Answer-The interest the investor receives
for lending money to corporation. Tells us how much income is received


Interest rate Correct Answer-the risk for bonds


If investor buys bond at discount what does this do to their income
Correct Answer-Has NO EFFECT on income, income is FIXED


Yield Correct Answer-return on investment

,buying bond at a discount Correct Answer-investors yield will be greater


Current Yield Correct Answer-annual income divided by current market
value (current price)


IF you buy bond at premium Correct Answer-Current Yield, Yield to
Maturity, & Yield to Call will all be lower than coupon rate


IF you buy bond at discount Correct Answer-Current Yield, Yield to
Maturity, & Yield to Call will all be higher than coupon rate


Long term Bonds vs Short Term Bonds Correct Answer-long term are
more volatile than short term


Bonds with same maturity Correct Answer-If bonds have same maturity
one with lowest coupon rate is more volatile


zero coupon bond Correct Answer-Do NOT pay income (hold till
maturity); these bonds are the MOST volatile


bond ratings Correct Answer-if it starts with letter B has to have three
letters to be investment grade; if it starts with B and has 2 it is junk bond

, preferred stock Correct Answer-pays fixed income & interest rate
sensitive


current market price Correct Answer-Does NOT determine how much
income bond receives


top down method Correct Answer-first look at economic factors, then
industry, then company


bottom up method Correct Answer-first look at company then industry
then economic factors


Risk for bonds Correct Answer-ALL have reinvestment risk and interest
rate risk


Treasury Inflation-Protected Securities (TIPS) Correct Answer-security
that is adjusted based on CPI (consumer price index(inflation)).
Adjusted semiannually; principal adjusted also


Yankee Bonds Correct Answer-Foreign issued bonds to raise capital but
paid in US dollars


Brady Bonds Correct Answer-U.S. issued foreign debt

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78861 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.49
  • (0)
  Add to cart