Securities Exam Math: Yields, Options, Margin & Mutual Fund Calculations
Bond quotes, current yield, YTM and YTC with the yield ranking, accrued interest with 30/360 and actual/actual under T+1, tax-equivalent yield, option breakevens and max gain/loss for calls, puts and spreads, a covered call and protective put payoff chart, margin equity, SMA and maintenance calls, mutual fund NAV, POP and breakpoints, dividends, splits and rights: 8 graded labs for Series 7 and SIE-style math. Independent practice, not affiliated with FINRA or any exam provider; not investment advice.
The first lesson is free — no account needed.
About this course
A securities exam math course that practises the calculations of the Series 7 and the SIE with the customers of one fictional broker-dealer, Harborview Securities, in a spreadsheet, for exam candidates, new registered representatives and finance students. You convert bond quotes into prices and current yields and see the yield ranking with YTM and YTC, count accrued interest with 30/360 and actual/actual under T+1 settlement, compare tax-equivalent yields for six customers, fill in breakevens, max gain and max loss for calls, puts and spreads, chart a covered call and a protective put, follow long and short margin accounts through equity, SMA and maintenance calls, calculate NAV, POP and breakpoint sales charges, and handle dividends, ex-dates, splits and rights offerings. Independent practice, with no affiliation with FINRA, the MSRB or NASAA. Illustrative figures, not investment advice. The first lab is free.
Lessons
- Bond Quotes, Current Yield, YTM & YTC: the Yield RankingFree
- Accrued Interest: 30/360 for Corporates & Munis vs Actual/Actual for Treasuries Pro
- Tax-Equivalent Yield: Which Customer Should Own the Muni? Pro
- Options Math: Breakeven, Max Gain & Max Loss for Calls, Puts and Spreads Pro
- Covered Call & Protective Put: Payoff Table and Chart Pro
- Margin Accounts: Reg T, Equity, SMA & Maintenance Call Prices (Long & Short) Pro
- Mutual Fund Math: NAV, POP, Sales Charge % & Breakpoints Pro
- Dividends & Ex-Dates, Stock Splits and Rights Offerings Pro