Series 7 Exam Coaching Call Replay скачать в хорошем качестве

Series 7 Exam Coaching Call Replay

   • Series 7 Exam FREE Replays of Coaching Cal...   Summary Convertible Bond Calculation and Test Strategies Dean conducts a coaching call with Zee, focusing on a complex question about convertible bonds. He walks through the calculation process step-by-step, explaining how to determine the new conversion ratio after a stock dividend, calculate parity, and find the long-term capital gain. Dean emphasizes the importance of working with smaller numbers initially and dealing with the total number of bonds at the end. He also discusses test-taking strategies, suggesting that for such complex questions, it might be better to guess and move on if time is limited. Options Trading and Tax Implications Dean explains to Zee how to approach a complex options trading scenario involving the purchase of stock and a protective put option. He emphasizes the importance of recognizing when to exercise the put option and how to calculate the resulting profit. Dean also clarifies a misconception Zee had about the tax treatment of the transaction, explaining that since the stock was held for more than a year before buying the put, it doesn't interrupt the long-term holding period. The discussion concludes with Dean reiterating the importance of reading the study materials thoroughly. Municipal Bond Taxation Explained In the meeting, Zee and Dean discussed a tax-related question about municipal bonds. Dean explained that only the coupon interest on a municipal bond is tax-free, and the yield to maturity (7%) is not entirely tax-free. He clarified that the taxable portion of the yield to maturity is the price appreciation, not the coupon interest. Dean also mentioned that if a municipal bond is bought at a discount and sold at a higher price, taxes are owed. Municipal Bond Market Health Indicators Dean explained the concept of marketability in the municipal bond market, focusing on the bond buyer and its role in forming syndicates. He clarified that the Revdex index, which measures 25 revenue bonds with 30-year maturities, is an indicator of market health. Dean also discussed the placement ratio, which measures the percentage of bonds sold out of those offered, and the visible supply, which represents new municipal bonds coming to the market in the next 30 days. He used examples of his personal car collection and off-grid truck purchase to illustrate the concepts. Financial Concepts and Tax Implications Dean and Zee discussed various financial concepts and scenarios, including bond purchases, tax implications, and stock splits. They clarified that buyers of bonds pay sellers the dollar amount of accrued interest, and that this amount is taxable. They also discussed the concept of accretion in 0-coupon bonds, where the cost basis is adjusted annually. Dean emphasized the importance of recognizing these financial concepts and their tax implications. They also touched on the topic of stock splits, explaining that the cash equal to the aggregate exercise price never changes, and that the multiplier adjusts for odd splits. Paid Student Benefits and Coaching Calls Dean and Zee discussed the benefits of being a paid student, including access to free coaching calls and paid office hours. Dean clarified that these benefits were exclusive to paid students and demonstrated how to register for the upcoming office hour. They also discussed the upcoming Q&A jam session. Dean advised Zee to focus on the more challenging questions during the coaching call and encouraged her to attend the office hour next week.