[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-390543-105":59,"doc-detail-390543-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","series-65-exam-xxi-about-the-series-65-exam","Series 65 Exam XXI - About the Series 65 Exam","","Series 65 exam table of contents organizing core securities-industry topics into major chapters and pretests. Coverage begins with equity securities, including common and preferred stock features, valuation concepts, rights and limitations, voting and transfer mechanics, and dividend taxation. Subsequent sections address corporate and municipal debt instruments, bond pricing and yield calculations, convertible structures, municipal tax considerations, and bond portfolio measures such as duration and convexity. Later chapters include government and agency securities, investment companies, variable annuities, and retirement plans, plus fundamental and technical analysis.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/series-65-exam-xxi-about-the-series-65-exam/390543/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/series-65-exam-xxi-about-the-series-65-exam/390543.png","ImageObject",300,407,{"name":92,"@type":93},"dhado","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-27","2026-09-25",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What topics are included in the equity securities chapter?","Question",{"text":112,"@type":113},"The chapter covers what a security is, common stock and its valuation and rights, preferred stock types, voting and transfer features, and related dividend taxation and warrant concepts.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the document structure the study material for debt securities?",{"text":117,"@type":113},"Debt coverage is organized by corporate bonds and municipal bonds, including issuance types, pricing concepts, yield to maturity and call, conversion mechanics, municipal taxation, duration and convexity, and portfolio management.",{"name":119,"@type":110,"acceptedAnswer":120},"Which later chapters focus on investment products and analysis?",{"text":121,"@type":113},"The table of contents includes investment companies, variable annuities and retirement plans, and then fundamental versus technical analysis, covering balance sheet and income statement topics as well as technical analysis.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},390543,1791288529,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":36,"preview_page_count":4},5909893218464,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Contents  \nABOUT THE SERIES 65 EXAM XXI ABOUT THIS BOOK XXV ABOUT THE TEST BANK XXVII  \nABOUT THE SECURITIES INSTITUTE OF AMERICA XXIX  \nCHAPTER 1  \nEQUITY SECURITIES 1  \nWhat Is a Security? 1  \nEquity = Stock 2  \nCommon Stock 2  \nCorporate Time Line 2  \nValues of Common Stock 4  \nBook Value 4  \nPar Value 5  \nRights of Common Stockholders 5  \nPreemptive Rights 5  \nCharacteristics of a Rights Offering 6  \nDetermining the Value of a Right Cum Rights 7  \nDetermining the Value of a Right Ex Rights 7  \nftoc indd v 3/07/2014 4:41 PM  \nvi Contents  \nVoting 8  \nLimited Liability 9  \nFreely Transferable 9  \nThe Transfer Agent 10  \nThe Registrar 10  \nCUSIP Numbers 11  \nInspection of Books and Records 11  \nResidual Claim to Assets 11  \nWhy Do People Buy Common Stock? 11  \nIncome 11  \nWhat Are the Risks of Owning Common Stock? 12  \nHow Does Someone Become a Stockholder? 12  \nPreferred Stock 14  \nFeatures of All Preferred Stock 14  \nTypes of Preferred Stock 15  \nCallable Preferred 17  \nTypes of Dividends 17  \nDividend Distribution 18  \nTaxation of Dividends 20  \nSelling Dividends 20  \nDividend Disbursement Process 21  \nWarrants 21  \nHow Do People Get Warrants? 21  \nAmerican Depositary Receipts (ADRs)/American Depositary Shares (ADSs) 22  \nCurrency Risks 22  \nFunctions of the Custodian Bank Issuing ADRs 23  \nReal Estate Investment Trusts/REITs 23  \nDirect Participation Programs and Limited Partnerships 23  \nLimited Partnerships 24  \nTax Reporting for Direct Participation Programs 27  \nLimited Partnership Analysis 28  \nTax Deductions vs. Tax Credits 28  \nftoc.indd  \nvi  \n3/07/2014 4:41 PM  \nContents vii  \nOther Tax Considerations 28  \nDissolving a Partnership 29  \nPretest 31  \nCHAPTER 2  \nCORPORATE AND MUNICIPAL DEBT SECURITIES 35  \nCorporate Bonds 35  \nTypes of Bond Issuance 36  \nBond Pricing 37  \nPar Value 38  \nDiscount 38  \nPremium 38  \nCorporate Bond Pricing 38  \nBond Yields 39  \nYield to Maturity: Premium Bond 40  \nYield to Maturity: Discount Bond 41  \nCalculating the Yield to Maturity 41  \nCalculating the Yield to Call 42  \nRealized Compound Yield Returns 42  \nYield Spreads 43  \nThe Real Interest Rate 43  \nBond Maturities 43  \nSeries Issue 44  \nTypes of Corporate Bonds 44  \nGuaranteed Bonds 46  \nConvertible Bonds 46  \nConverting Bonds into Common Stock 47  \nParity Price 47  \nAdvantages of Issuing Convertible Bonds 48  \nDisadvantages of Issuing Convertible Bonds 48  \nConvertible Bonds and Stock Splits 48  \nThe Trust Indenture Act of 1939 49  \nftoc.indd  \nvii  \n3/07/2014 4:41 PM  \nviii Contents  \nBond Indenture 49  \nRatings Considerations 49  \nExchange Traded Notes (ETNs) 50  \nRetiring Corporate Bonds 50  \nMunicipal Bonds 52  \nTypes of Municipal Bonds 53  \nTaxation of Municipal Bonds 57  \nTax-Equivalent Yield 57  \nPurchasing a Municipal Bond Issued in the State in Which the Investor Resides 58  \nTriple Tax Free 58  \nOriginal Issue Discount (OID) and Secondary Market Discounts 58  \nAmortization of a Municipal Bond’s Premium 59  \nBond Swaps 59  \nAnalyzing Municipal Bonds 59  \nAnalyzing General Obligation Bonds 60  \nDuration 60  \nConvexity 61  \nBond Portfolio Management 61  \nPretest 63  \nCHAPTER 3  \nGOVERNMENT AND GOVERNMENT AGENCY ISSUES 67  \nSeries EE Bonds 67  \nSeries HH Bonds 68  \nTreasury Bills, Notes, and Bonds 68  \nPurchasing Treasury Bills 68  \nTreasury Notes 69  \nTreasury Bonds 69  \nTreasury Bond and Note Pricing 69  \nTreasury STRIPs 70  \nTreasury Receipts 70  \nTreasury Inflation Protected Securities (TIPS) 71  \nAgency Issues 71  \nftoc indd viii 3/07/2014 4:41 PM  \nContents ix  \nGovernment National Mortgage Association (GNMA) 71  \nFederal National Mortgage Association (FNM) 72  \nFederal Home Loan Mortgage Corporation (FHLMC) 72  \nFederal Farm Credit System 73  \nCollateralized Mortgage Obligation (CMO) 73  \nCMOs and Interest Rates 73  \nTypes ofCMOs 74  \nPretest 77  \nCHAPTER 4  \nINVESTMENT COMPANIES 79  \nInvestment Company Philosophy 79  \nTypes of Investment Companies 80  \nOpen End vs. Closed End 81  \nDiversified vs. Nondiversified 82  \n","cbCaiu30rniRVNZe","https://ap.wps.com/l/cbCaiu30rniRVNZe","pdf",342432,16,"English","# CHAPTER 1\n## EQUITY SECURITIES\n# CHAPTER 2\n## CORPORATE AND MUNICIPAL DEBT SECURITIES\n# CHAPTER 3\n## GOVERNMENT AND GOVERNMENT AGENCY ISSUES\n# CHAPTER 4\n## INVESTMENT COMPANIES\n# CHAPTER 5\n## VARIABLE ANNUITIES AND RETIREMENT PLANS\n# CHAPTER 6\n## FUNDAMENTAL AND TECHNICAL ANALYSIS","[{\"question\":\"What topics are included in the equity securities chapter?\",\"answer\":\"The chapter covers what a security is, common stock and its valuation and rights, preferred stock types, voting and transfer features, and related dividend taxation and warrant concepts.\"},{\"question\":\"How does the document structure the study material for debt securities?\",\"answer\":\"Debt coverage is organized by corporate bonds and municipal bonds, including issuance types, pricing concepts, yield to maturity and call, conversion mechanics, municipal taxation, duration and convexity, and portfolio management.\"},{\"question\":\"Which later chapters focus on investment products and analysis?\",\"answer\":\"The table of contents includes investment companies, variable annuities and retirement plans, and then fundamental versus technical analysis, covering balance sheet and income statement topics as well as technical analysis.\"}]","Series 65 Exam XXI - About the Series 65 Exam | PDF",1790335716]