EPISODE · Jun 29, 2026 · 3 MIN
Series 7 Exam Prep 22, Corporate Bond Basics
from Open Exam Prep
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 core components of a corporate bond: par value ($1,000), coupon rate, and maturity date. - The function of the trust indenture as the legal contract and the trustee's role in safeguarding bondholder interests. - The critical distinction between interest-rate risk (market-driven) and credit risk (issuer-specific). - The difference between secured bonds backed by assets and unsecured debentures backed by the issuer's credit. - The payment priority in a corporate liquidation, from secured debt down to common stock. 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
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Series 7 Exam Prep 22, Corporate Bond Basics
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