Introduction 1 What You''ll Find 1 Beyond the Book 2 Where to Go for Additional Help 2 Part 1: Tackling the Questions 3 Chapter 1: Securities Underwriting: The Process and the Team Players 5 The Problems You''ll Work On 5 What to Watch Out For 5 1-35 Bringing New Issues to Market 6 36-43 Types of Securities Offerings 10 44-61 Exempt Securities and Transactions 11 Chapter 2: Equity Securities: Corporate Ownership 15 The Problems You''ll Work On 15 What to Watch Out For 15 62-97 Common Stock 16 98-125 Preferred Stock 20 126-141 ADRs, Rights, and Warrants 24 Chapter 3: Debt Securities: Corporate and US Government Loans 27 The Problems You''ll Work On 27 What to Watch Out For 27 142-178 Types of Bonds 28 179-208 Price and Yield Calculations 32 209-224 U S Government Securities 36 225-238 Money Market Instruments 37 Chapter 4: Municipal Bonds: Local Government Securities 41 The Problems You''ll Work On 41 What to Watch Out For 42 239-268 GO and Revenue Bonds 43 269-275 The Primary Market 47 276-286 Additional Municipal Bonds 48 287-296 Municipal Notes 49 297-302 Municipal Fund Securities 50 303-313 Taxes on Municipal Bonds 51 314-335 Municipal Bond Rules 52 Chapter 5: Delivering Diversification with Packaged Securities 57 The Problems You''ll Work On 57 What to Watch Out For 58 336-340 Investment Company Rules 59 341-384 Management Investment Companies 59 385-406 Investment Company Options 65 407-431 Annuities 67 432-436 Variable Life Insurance Products 70 Chapter 6: Working with Direct Participation Programs and REITs 73 The Problems You''ll Work On 73 What to Watch Out For 74 437-457 DPPs, General, and Limited Partners 75 458-464 Partnership Paperwork 77 465-470 Passive Gains and Losses 78 471-491 Types of DPPs 79 492-502 REITs 81 Chapter 7: Options: Understanding the Basics of Puts and Calls 83 The Problems You''ll Work On 83 What to Watch Out For 84 503-535 Option Basics 85 536-573 Standard Option Math 88 574-602 Option Paperwork and Rules 93 Chapter 8: Customer Accounts: Doing the Right Thing 97 The Problems You''ll Work On 97 What to Watch Out For 97 603-622 Opening Accounts 98 623-640 Selecting the Appropriate Type of Account 101 641-664 Margin Accounts 103 665-667 Telephone Act of 1991 106 Chapter 9: Securities Analysis: Doing a Little Market Research 107 The Problems You''ll Work On 107 What to Watch Out For 108 668-686 Systematic and Nonsystematic Risk 109 687-709 Fundamental and Technical Analysis 111 710-734 Money Supply and Monetary Policy 114 735-744 Economic Indicators 117 745-752 Cyclical, Defensive, and Growth Investments 118 753-755 Economic Theories 118 Chapter 10: Securities Markets: Taking Orders and Executing Trades 121 The Problems You''ll Work On 121 What to Watch Out For 121 756-763 Primary and Secondary Market 122 764-774 Making the Trade 123 775-781 Broker-Dealer 124 782-810 Executing Customer Orders 125 811-815 Types of Investors 129 Chapter 11: Making Sure the IRS Gets Its Share: Taxes and Retirement Plans 131 The Problems You''ll Work On 131 What to Watch Out For 132 816-822 Tax Categories and Types of Income 133 823-843 Taxes on Investments 133 844-876 Retirement Plans 137 Chapter 12: Rules and Regulations: No Fooling Around 143 The Problems You''ll Work On 143 What to Watch Out For 144 877-892 Securities Regulatory Organizations 145 893-904 FINRA Registration and Reporting Requirements 147 905-957 Trading After the Account Is Open 149 958-993 Additional Rules 156 994-1,001 FDIC and SIPC 161 Part 2: Checking Your Answers 163 Chapter 13: The Answers 165 Chapter 1 Answers 165 Chapter 2 Answers 174 Chapter 3 Answers 187 Chapter 4 Answers 203 Chapter 5 Answers 219 Chapter 6 Answers 234 Chapter 7 Answers 243 Chapter 8 Answers 261 Chapter 9 Answers 272 Chapter 10 Answers 285 Chapter 11 Answers 294 Chapter 12 Answers 302 Index 321.