Series 50: Average Life

Taken from our Series 50 - MSRB Municipal Advisor Representative Qualification Exam

Definition of the term Average Life...

for a sinking fund bond, the point at which half of the bonds are expected to be redeemed by the issuer.

Since you're reading about Series 50: Average Life, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 50
Please Enable Javascript
to view this content!