Series 7: 4.11.2. Bank Qualified Bonds

Taken from our Series 7 Online Guide

4.11.2. Bank Qualified Bonds

When a bank buys a bond, it buys it with borrowed money, borrowed at an interest rate such as LIBOR. Its carrying cost is the annual interest it pays to its lender for the borrowed money. The Tax Reform Act of 1986 generally prohibits banks from deducting the carrying cost associated with the ownership of tax-exempt municipal bonds. Howeve

+ Read More

More Series 7 Info

What are people saying?

Create an Account

Since you're reading about Series 7: 4.11.2. Bank Qualified Bonds, you might also be interested in:

Series 14 - 5.2.6.4. Recordkeeping and Reporting Requirements for Carrying Agreements

Series 63 - Series 63 Online Guide

Series 66 - 7.7.4 Federal vs. State Registration for IAs

Series 22 - Communications Not Deemed a Prospectus

Series 3 - 6.3.3.1. Cancel Order or Straight Cancel

Series 7 - 7.1.3.2 Depreciation and Depletion

SIE - Timing Mutual Fund Purchases

Series 51 - Exceptions to the Yield Restrictions

Series 66 - Bond Certificates

Series 24 - 4.1 Underwriting a Securities Issue

Series 79 - Exercise

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!

Briana Turner, Cambridge Investment Research. Virginia Beach, VA

When I was studying Series 7 TOP OFF, I enjoy reading everyone's reviews. It was another way of encouraging me. Thank you Solomon, help me pass my 7 ! I followed the four weeks schedule, didn't do anything more or less. Jeremy contacted me and share me with his strategy. I really appreciated it! Solomon helped me pass 63 two years ago. I am buying my s65 now! Thank you again for all your help!

Nora, PA

I had a super rough go passing this (Series 7) exam due to a number of personal circumstances, but on my third attempt, I finally passed, with 30 minutes to spare! After my second failed attempt (I failed by ONE question), I spoke to Jeremy Solomon on the phone and via email, and he provided me with some strategies to help me pass the exam once and for all. I focused heavily on rereading the study guide, and teaching concepts to my spouse so that I wasn’t just learning the information, but really understanding it to the point where I could teach it to someone else. The exam simulators are super helpful, but don’t overdo it… this really isn’t the kind of test where you can only learn by doing practice questions. Re-watching the video lectures was very helpful for me as well. I also recommend making flash cards for memorization purposes. If you fail like me, don’t give up - perseverance (and more studying) will get you to the finish line!

Molly Magnuson, CBIZ Retirement & Investment Solutions. Kansas City, MO

Just passed the series 7 today! Solomon was a huge help, as I used the practice exams exclusively. When preparing for this exam, make sure to allocate ~70% of your time on compliance, opening accounts etc. Looking forward to passing the series 66. I will continue using Solomon!

Blake Rossman, True Wealth Financial Partners. Fircrest, WA

I would not have passed the Series 7 top off without the Solomon materials. The structure of the questions was the closest out of all the programs I tried and their customer support is top notch. I will definitely be back! Thank you!!

Lauren J, Westlake, TX

Thanks to Solomon I was able to pass the SIE, Series 7, and Series 63, great study material if you put the hours in!

Xavier Mata, Cabrera Capital Markets. Chicago, IL