[Series 66] 9, Credit Risk and Callable Bonds

Podcast: Open Exam Prep · Ran Chen, EA, CFP®

Opublikowano: 2026-10-02

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: • How credit rating scales define investment-grade versus speculative debt categories. • Why bond issuers exercise call features when prevailing interest rates decline. • The difference between call risk, reinvestment risk, and call protection. • How to apply the yield-to-worst rule for premium and discount callable bonds. • Disclosures required under NASAA model rules and state fiduciary standards. ...