Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The inverse relationship between bond prices and interest rates, and why bonds trade at a premium, discount, or par. - How to rank the four key bond yields (Nominal, Current, YTM, YTC) for both premium and discount bonds using the bond seesaw mnemonic. - Why bonds with long maturities and low coupons have the most interest-rate risk and price volatility. - The definition of a basis point and how it is used to express changes in bond yields. - Common Series 7 exam traps, including distinguishing between different yield calculations and understanding the factors that affect a bond's price sensitivity. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep