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