Exam Concepts Explained With Worked Examples
Each page opens with a short answer, works one example with the arithmetic shown, lists common exam traps and links to the official sources and matching practice questions.
Bond Prices and Interest Rates: Why They Move Opposite
Bond prices and interest rates move in opposite directions.
Current Yield vs. Yield to Maturity: Worked Example
Current yield is the yearly coupon divided by the bond's current price.
Protective Put Explained: Breakeven, Max Loss, Max Gain
A protective put is owning a stock and buying a put on it.
Broker-Dealer vs. Investment Adviser: Key Differences
A broker-dealer buys and sells securities for customers, for its own account, or both, and with few exceptions registers with the SEC and joins FINRA.
Suitability vs. Fiduciary Duty vs. Reg BI: What Applies
Regulation Best Interest governs a broker-dealer's recommendation of a securities transaction or investment strategy to a retail customer.
