memorize this chart
When is CY higher than YTM?
When is CY lower than YTM?
Memorize these things
Convertable: Can convert bond to stock. Pays a lower coupon.
Can’t default on stocks
If they are MOODY! they are UP and down … (multiple caps)
STANDARD and POORS is always YELLING because they are POOR (all caps)
Getting paid to wait. Don’t have to wait long
NOT ISSUED BY THE GOVERNMENT
Still have to pay tax on amount owed