Series 7: 3.5.2.1.2. Additional Bonds Covenant

Taken from our Series 7 Online Guide

3.5.2.1.2. Additional Bonds Covenant

The additional bonds covenant requires the issuer to demonstrate that its expected revenue stream is sufficient to cover both existing and proposed debt service. Before making a new issue of a bond, the issuer must provide a financial statement that dem

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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.

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