Series 65 Flashcards: Interpret Bond Yield Measures

Study Interpret Bond Yield Measures in Series 65 with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

What is the relationship between coupon rate and YTM when a bond trades at par value?

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ANSWER

Par bond: $\text{YTM}=\text{coupon rate}$ . At par, the yield equals the coupon rate since there is no price adjustment to maturity.

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What this deck covers

This deck focuses on Interpret Bond Yield Measures, giving you a quick way to review the definitions, rules, and examples that matter most for Series 65.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 50Practice questions for this set

What is the approximate current yield of a $1,000 par, 6% bond trading at $1,200?

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