NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Price vs. Value: Equity price reflects market perception, while value is based on fundamentals.
  • Valuation Metrics: P/E, P/B, and dividend yield assess equity investment attractiveness.
  • Debt Terminology: Key terms include coupon rate, yield, and maturity.
  • Convertible Bonds: Convertible bonds can be converted into equity, offering flexibility.
  • Preference Shares: Preference shares provide fixed dividends with priority over equity.

NISM 12 Securities Markets Foundation

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