Series 65
How are Treasury Notes quoted
32nds
How does Fitch's grade bonds (letters)?
All caps
How does Standard and Poor's grade bonds (letters)?
All caps
Formula for Current Yield
Annual interest / Market Price
Name the 3 credit rating agencies
1. Standard and Poors 2. Moody's 3. Fitch's
How are corporate bonds quoted
1/8ths
Which of the following best describes a Yankee bond? A) A U.S. dollar-denominated bond issued by a non-U.S. entity inside the United States B) A U.S. dollar-denominated bond issued by a U.S. entity outside the United States C) A U.S. dollar-denominated bond issued by a U.S. entity inside the United States D) A U.S. dollar-denominated bond issued by a non-U.S. entity outside the United States
A) A U.S. dollar-denominated bond issued by a non-U.S. entity inside the United States
Although there are a number of risks to owning a debt security that are common to all investors, which specific risk is avoided when a U.S. resident purchases a Eurodollar bond? A) Inflation risk B) Interest rate risk C) Default risk D) Currency risk
D) Currency risk bc eurodollar bonds are denominated in dollars
Who does Rule 144 apply to?
Sale of unregistered securities owned by affiliates and non affiliates Sale of control stock
At what frequency to GNMAs pay interest
Monthly
What is the only credit rating agency that uses lowercase letters
Moody's
When is a bond no longer considered investment grade?
No longer investment grade if its Ba or BB or below
Who does Rule 144 not apply to?
Sale of registered securities to nonaffiliated people
Who does the holding period requirement apply to?
Unregistered securities no matter who the owner is
When is a bond likely to be called?
When interest rates are down
Bonds: What is basis another term for
Yield to Maturity