Our newsletter is published at the beginning of the month. Here are your headlines for the month of February.
 
 
 
 
Solomon Exam Prep Updates
 
 
 
 

"I passed my Series 63 today with an 85% and Series 6 two weeks back with an 80%. I was very nervous, but studying was made easy with Solomon Exam Prep; their simple Plain English explanations helped fight that legalese on the Series 63 especially. I totally owe this to the Solomon team, their awesome question bank, and friendly staff. "Ask the Professor" is prompt in answering all your queries. I'm definitely recommending their program to my employer."  -Priya R., PA
 
 
 
 

Question: Jenny lives in Minnesota. She is comparing a Washington state municipal bond that pays 5% to similar corporate bonds. She has a federal tax rate of 20% and a State rate of 4%. What yield will the corporate bond have to pay to be equivalent to the municipal bond?

Answers:

A. 4%

B. 5%

C. 6.25%

D. 6.58%

Correct Answer: C. 6.25%

Rationale: Because Jenny lives in Minnesota, the interest on her municipal bond will be tax-exempt at the federal level, but not at the state level. To calculate the tax-equivalent yield of a municipal bond, simply take the rate of the municipal bond and divide it by 1 minus the tax rate. So the tax equivalent yield = .05/(1-.20) = .0625 or 6.25%.

Submit your answer every month to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. This month's winner is Ruth K.
 
 
 
 

In January Solomon Exam Prep published a new Exam Study Guide for the Series 6. We are excited to announce that we have completed the accompanying Audiobook and it is now up for sale on our website. ​
 
 
 
 

One question everyone asks when encountering any exam is: “How do I pass the first time?”
​Here is a list of our top 5 study tips, along with an entertaining short video to help drive them home...
 
 
 
 
 
SEC Updates
 
 
 
 
February 3, 2015

February 4, 2015

February 5, 2015

February 5, 2015

February 6, 2015

February 9, 2015

February 10, 2015

February 10, 2015

February 11, 2015

February 11, 2015

February 12, 2015

February 13, 2015

February 19, 2015

February 19, 2015

February 24, 2015

February 26, 2015

February 27, 2015

February 27, 2015

March 2, 2015
 
 
 
 
 
FINRA Updates
 
 
 
 
February 3, 2015

February 11, 2015
 
 
 
 
 
 
Solomon Exam Prep
6750 SW Franklin Street, Suite A
Portland, OR 97223
(503) 601-0212
info@solomonexamprep.com
Office Hours: Monday - Friday: 8:00 AM to 4:30 PM (Pacific Time)
 
 
        
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