Summary: In this episode we continue the study of the world of fixed income investments. Who are the issuers of fixed income securities? How do they differ? You should have an understanding of the following concepts after listening to this: US Treasuries Agencies, GNMA, FNMA, Salliemae Call features Sinking funds Convertible Debt Diluted Earnings Per Share Yellow sheets NYSE Dealer paper Direct paper OTC Quote services, Bloomberg Trace: Trade Reporting and Compliance Engine (2004) What is commercial paper, and how is it priced What does trading flat mean When buying a bond. How do you calculate accrued interest payable to the Seller. What is a odd first payment on a new issue What is regular way and cash settlement How is corporate debt traded, over-the-counter, dealer paper, direct paper, NYSE, TRACE Retirement of debt, sinking fund, tender offer, refunding, maturing, Anti-dilutive covenants Dilution of earnings with the convertible bond issue How are government bonds, quoted, corporate bonds, quoted, and municipal bonds, quoted Parity on the convertible bond
