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Series 7 > Debt > Flashcards

Debt Flashcards

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Series 7 Top-off Exam flashcards
1
Q

Conversion Ratio

A

PAR($1000)/ conversion price

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2
Q

Parity(Equal) price of bond

A

conversion ratio x current stock price

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3
Q

Trading at parity

A

Conversion ratio / current stock price

Aka

(PAR$1000/convertible price)*current stock

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4
Q

YTM

A

(Annual income + CAP gains/loss)/bond avg price

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5
Q

Call premium

A

Callable price - par

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6
Q

Nominal yield

A

Annual income / bond par value

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7
Q

Current yield

A

Annual income / mkt price of bond
Price today and held for one year

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8
Q

When price of bond increases

A

YTM YTC CY NY all decrease
Moves opposite of bond price

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9
Q

Debt service coverage

A

Pledged revenues / debt service

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Series 7 (5 decks)

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