Series 7: 2.7.1 Bond Notation

Taken from our Series 7 Top-off Online Guide

2.7.1 Bond Notation

Corporate bond listings typically show the coupon (interest) rate, maturity date, and last price. The listing table in the media also shows the current yield and includes the volume traded. Corporate bond listings would look similar to these:

Corporate Bond Listing Example
Bonds	Cur Yld	Vol	Close	Net Chg
ABC 6s 24	5.7	20	105 3/8	+1/4
XYZ 6 5/8 30	6.7	10	99 1/8	-1/8

The companies issuing the bonds are listed in the first column; in this case, ABC and XYZ. Following the names appears the interest rate paid by the bond as a percentage of its par value: ABC’s bonds pay 6%, and XYZ’s bonds pay 6 5/8%. The small “s” in the ABC listing refers to the semiannual nature of the payments. The ABC bonds mature in 2024. The XYZ bonds mature in 2030. The ABC bonds have a current yield of 5.7% based on their closing price of 105 3/8% of par, or $1,053.75, and the XYZ bonds have a current yield of 6.7% based on th

+ Read More

More Series 7 Info

What are people saying?

Create an Account

Since you're reading about Series 7: 2.7.1 Bond Notation, you might also be interested in:

Series 53 - Financial Records

Series 24 - Trade Confirmations and Completing a Transaction

Series 7 - 2.12.1.1 T-Bill Quotes

Series 66 - 9.4.1 Excessive Trading (Churning)

Series 6 - 3.2.2. Defined Contribution Plans

Series 7 - 1.2.3. Par Value of Common Stock

Series 6 - Chapter One

Series 24 - Second Market: Nasdaq Rules and Regulations

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

In preparation for the Series 7, I began with Kaplan. I tested and did not pass. I then switched to STC materials. I tested and did not pass. I then switched to Solomon and passed! I also used Solomon for the 63 and passed the first time. I highly recommend Solomon's test preparation materials. The question bank was far more extensive than the others and I definitely felt better prepared using Solomon.

Kara S, CLS, Carrollton, TX

Thank you...thank you. I took my Series 7 yesterday and passed....1st try. Read the whole book 3 times. My system was to go through and answer the questions I was positive about. Good guess at the others and park them for review. The hardest part is trying to understand what they are actually asking. This way I wasn’t bogged down and stressed being stuck on a question. Second time around go through all those parked questions...digging deeper...checking my calculations etc. again parking the ones that totally stumped me. Third time around....educated guesses and what seemed to make sense. Also, on my way there, I was picturing myself in the room....sitting at the computer (yes, I took a dry run to see the inside). It took that part of the unknown out of the equation. Be prepared for the masks and Covid precautions. Any options questions, as tricky as they make them, I would look at my charts and was able to make sense of what they were asking. Finished the test in record time. Being prepared gave me the confidence to get through it. Many thanks Lorraine

Lorraine Harrod, PNC, Lewes, DE

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA

At Phillips & Co., my job was to hire entry level applicants who could successfully pass the Series 65 and Series 7 examinations in three months and do it the FIRST TIME. After trying Kaplan/Dearborn, STC, and even the Series 7 for Dummies, 85% of our applicants were still having a hard time passing.

One day while expressing my frustration to a colleague, he recommended I look up First Books' Exam Prep. I could tell immediately that this was a unique approach worth the investment. Since we implemented Exam Prep with new recruits our pass rate shot up to well over 90%.

If you or your employees want to pass your exam the first time without falling asleep while studying, I highly recommend you give their training program a try!

Kary Youman, Phillips & Co. Portland, Oregon

Completing the Series 7 was a requirement for my current position. After seeing the material and dedication Solomon Exam Prep put into the SIE material, I knew Solomon’s material would be perfect for me again. I had access to STC material and tried to go through it first but it was too content heavy and at certain points, very confusing. I decided to move back over to Solomon for the 7 and was blown away yet again by how great the material is. Solomon has figured out how to properly prepare people for this exam in my opinion. Solomon Exam Prep focuses on teaching the concept rather than bogging you down with so much material. THAT IS SO HELPFUL! Of course the material is important but it’s extensive. After using Solomon Exam Prep for the Series 7, I was able to fully understand the concepts which made it so much easier to select the best questions on the exams. All the other training programs bury you deep with content, which makes it almost impossible to understand the concepts. If you get questions on the exam that you have not seen before, only knowing specific material will not help you. But if you understand the concepts (like Solomon Exam Prep helped me do) you can break down the question and find the best answer based on your understanding of the concept as a whole. That’s a much better method and Solomon Exam Prep has figured this out! I strongly suggest buying the study guide. You won’t regret it!

Jared M. Albany, New York

I studied for the Series 7, 79, and 82 with Solomon Exam Prep, and I never scored lower than a 90% on the actual exam! The Study Guides are easy to understand, and the Online Exam Simulator really prepares you. I just purchased the Series 24 Essential Package today!

Michael McGregor, Focus Bankers, Charlotte, NC