# Series 66 Exam: Study Guide & Practice

### Course Summary

This comprehensive study guide can make sure you are ready for your Series 66 exam. You'll have all the study tools you need at your fingertips, from clearly-written text and video lessons, to helpful worksheets and quizzes.
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#### 16 chapters in Series 66 Exam: Study Guide & Practice

Course Practice Test

Check your knowledge of this course with a 50-question practice test.
• Comprehensive test covering all topics
• Detailed video explanations for wrong answers
Week {{::cp.getGoalWeekForTopic(0, 16)}}
Ch 1. Analytical Methods in Investment {{cp.topicAssetIdToProgress[655775].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - How to Calculate Internal Rate of Return: Definition & Formula
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Lesson 2 - How to Calculate Net Present Value: Definition, Formula & Analysis
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Lesson 3 - How to Calculate Mean, Median, Mode & Range
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Lesson 4 - Calculating the Standard Deviation
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Lesson 5 - What is Alpha in Finance? - Definition & Formula
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Lesson 6 - What is Beta in Finance? - Definition & Formula
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Lesson 7 - How to Calculate Sharpe Ratio: Definition, Formula & Examples
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Lesson 8 - Correlation: Definition, Analysis & Examples
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Lesson 9 - Current Ratio in Accounting: Definition, Formula & Analysis
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Lesson 10 - Quick Ratio in Accounting: Definition, Formula & Example
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Lesson 11 - The Debt to Equity Ratio: Definition, Calculation, & Usefulness
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Lesson 12 - Price-Earnings Ratio: Definition, Formula & Analysis
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Week {{::cp.getGoalWeekForTopic(1, 16)}}
Ch 2. Valuation Factors of Securities {{cp.topicAssetIdToProgress[655779].percentComplete}}% complete
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Lesson 1 - Duration Risk: Definition & Examples
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Lesson 2 - How to Calculate Yield to Call (YTC): Definition, Formula & Example
Score: {{cp.lessonAssetIdToProgress[641819].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[641819].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - How to Calculate Yield to Maturity: Definition, Equation & Example
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Lesson 4 - Coupon Rate: Definition, Formula & Calculation
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Lesson 5 - Moody's vs. Standard & Poor's Bond Ratings
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Lesson 6 - What is a Credit Spread? - Definition & Strategy
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Lesson 7 - Discounted Cash Flow Analysis
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Lesson 8 - Fundamental vs. Technical Analysis
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Lesson 9 - Dividend Discount Model: Definition, Formula & Example
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Ch 3. Investment Vehicle Characteristics {{cp.topicAssetIdToProgress[655785].percentComplete}}% complete
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Lesson 1 - What are Futures Contracts? - Definition & Examples
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Lesson 2 - Valuation of Futures Contracts
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Lesson 3 - What is an ETN? - Definition & Overview
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Lesson 4 - What is a Leveraged ETF? - Decay, Risk & Volatility
Score: {{cp.lessonAssetIdToProgress[243701].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[243701].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What is an Inverse ETF? - Definition, Characteristics & Risks
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Lesson 6 - What is a Viatical Settlement?
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Lesson 7 - Annuities: Types & Benefits
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Lesson 8 - What is Whole Life Insurance? - Definition & Types
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Lesson 9 - Term Life Insurance: Definition & Forms
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Lesson 10 - Types of Real Estate Investments
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Lesson 11 - What Are Commodities? - Definition, Types & Examples
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Lesson 12 - Investing in Collectibles and Precious Metals
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Week {{::cp.getGoalWeekForTopic(3, 16)}}
Ch 4. Understanding Customer Types & Profiles in Investing {{cp.topicAssetIdToProgress[655793].percentComplete}}% complete
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Lesson 1 - Using Financial Factors to Assess Investment Profiles
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Lesson 2 - Using Personal Factors to Assess Investment Profiles
Score: {{cp.lessonAssetIdToProgress[651055].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[651055].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Understanding & Identifying Investment Objectives
Score: {{cp.lessonAssetIdToProgress[651057].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[651057].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - How Customer-Specific Factors Impact Investment Choices
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Week {{::cp.getGoalWeekForTopic(5, 16)}}
Ch 6. Investment Portfolio Management Strategies {{cp.topicAssetIdToProgress[655803].percentComplete}}% complete
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Lesson 1 - Strategic vs. Tactical Asset Allocation
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Lesson 2 - Passive vs. Active Portfolio Management
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Lesson 3 - Investment Styles in Portfolio Performance Management
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Lesson 4 - Long-Term Stock Market Investing Techniques
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Lesson 5 - Options Basics: Stocks, Payoffs & Puts & Calls
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Lesson 6 - Financial Leverage: Definition, Formula & Calculation
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Lesson 7 - Variability vs. Volatility in Finance
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Ch 7. Tax Considerations for Investing {{cp.topicAssetIdToProgress[655807].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - U.S Tax Law: Overview & Basic Principles
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Lesson 2 - Income Tax: Tax Liability & Deductions
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Lesson 3 - Taxes on Investments: Types, Rates & Examples
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Lesson 4 - Income Tax Issues in Personal Investments
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Lesson 5 - Capital Gains & Losses: Definition & Statutory Framework
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Lesson 6 - What is a Marginal Tax Rate? - Definition & History
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Lesson 7 - Alternative Minimum Tax: Definition & Example
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Lesson 8 - Business Income Tax Calculations
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Lesson 9 - Tax Structure and Liability of Business Partnerships
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Lesson 10 - Tax Structure and Liability of Corporations
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Lesson 11 - Calculating Gift & Estate Tax: How-To & Example
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Week {{::cp.getGoalWeekForTopic(7, 16)}}
Ch 8. Understanding & Managing Retirement Plans {{cp.topicAssetIdToProgress[655809].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Understanding Retirement and Pension Plans
Score: {{cp.lessonAssetIdToProgress[10871].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10871].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Tax-Advantaged Retirement Investments: Types & Definitions
Score: {{cp.lessonAssetIdToProgress[169169].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[169169].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - What Is a Roth IRA? - Definition, Rules & Benefits
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Lesson 4 - What is a Roth IRA Conversion? - Rules & Limits
Score: {{cp.lessonAssetIdToProgress[16760].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16760].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What is a Qualified Retirement Plan? - Rules & Options
Score: {{cp.lessonAssetIdToProgress[169165].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[169165].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Non-Qualified Retirement Plan: Types & Examples
Score: {{cp.lessonAssetIdToProgress[244055].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[244055].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - ERISA Law: Explanation & Importance
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Week {{::cp.getGoalWeekForTopic(8, 16)}}
Ch 9. Special Types of Investment Accounts {{cp.topicAssetIdToProgress[655813].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - 529 Prepaid Tuition Plans: Definition & Overview
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Lesson 2 - Education IRA: Definition & Characteristics
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Lesson 3 - Uniform Gifts to Minors Act: Definition & Tax Implications
Score: {{cp.lessonAssetIdToProgress[655815].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[655815].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Uniform Transfers to Minors Act: Definition & Tax Implications
Score: {{cp.lessonAssetIdToProgress[655817].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[655817].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Health Savings Account: Definition, Purpose & Tax Implications
Score: {{cp.lessonAssetIdToProgress[655819].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[655819].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(11, 16)}}
Ch 12. Investment Portfolio Performance Measures {{cp.topicAssetIdToProgress[655833].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Risk-Adjusted Return: Definition & Formula
Score: {{cp.lessonAssetIdToProgress[243749].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[243749].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Time-Weighted Rate of Return: Definition & Formula
Score: {{cp.lessonAssetIdToProgress[243739].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[243739].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Annualized Rate of Return & Total Return
Score: {{cp.lessonAssetIdToProgress[243717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[243717].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Holding Period Return (HPR): Formula & Examples
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Lesson 5 - Expected & Unexpected Returns on Assets: Definition & Examples
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Lesson 6 - After-Tax Rate of Return: Definition & Formula
Score: {{cp.lessonAssetIdToProgress[655839].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[655839].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - How to Calculate Current Yield: Definition, Formula & Graph
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Week {{::cp.getGoalWeekForTopic(15, 16)}}
Ch 16. Ethical Practices & Obligations in the Securities Industry {{cp.topicAssetIdToProgress[655209].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Suitability in the Securities Industry: Definition & Requirements
Score: {{cp.lessonAssetIdToProgress[641859].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[641859].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is Excessive Trading? - Definition, Risks & Ethical Issues
Score: {{cp.lessonAssetIdToProgress[655217].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[655217].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Securities Fraud & Insider Trading: Definition, Regulations & Penalty
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Lesson 4 - The Insider Trading and Securities Fraud Enforcement Act of 1988
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Practice Tests in this course
Check your knowledge of this course with a 50-question practice test. Once you take the test, you will receive a detailed exam report complete with your personal statistics and even specific lessons to focus on! Take the practice test now
Your detailed study guide will include:
• Answers and detailed explanations to each question
• Video lessons to explain complicated concepts
Course Practice Test
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Ch. 1
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Ch. 2
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Ch. 3
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Ch. 5
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Ch. 7
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Ch. 9
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Ch. 10
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Ch. 11
Overview of Securities Trading
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Ch. 12
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Ch. 13
Regulation of Investment Advisors & Investment Advisor Representative
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Ch. 14
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Ch. 15
Regulation of Issuers & Securities Registration
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