{"podcast":{"title":"Open Exam Prep","slug":"open-exam-prep-7140559","podcast_index_feed_id":7140559,"rss_url":"https://feeds.captivate.fm/open-exam-prep/","website_url":"https://open-exam-prep.com/","image_url":"https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg","author":"Ran Chen, EA, CFP®","episode_count":363,"summary":"Open Exam Prep: Mastering Financial Exams The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part. Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals. Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time. Visit for more content: https://open-exam-prep.com/","last_synced_at":"2026-07-26T00:19:27.877390+00:00","page_url":"https://stenobird.com/podcast/open-exam-prep-7140559"},"episode":{"title":"Series 7 Exam Prep 17, Preferred Stock Features","slug":"series-7-exam-prep-17-preferred-stock-features","published_at":"2026-06-24T01:01:53+00:00","page_url":"https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-17-preferred-stock-features","show_page_url":"https://stenobird.com/podcast/open-exam-prep-7140559","url":"https://open-exam-prep.captivate.fm/episode/series-7-exam-prep-17-preferred-stock-features","audio_url":"https://episodes.captivate.fm/episode/f09ca98f-2322-4004-8e8b-a956e633d53d.mp3","summary":"This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The hybrid nature of preferred stock, combining features of both equity and debt, and its priority over common stock for dividends and in liquidation. - The critical difference between cumulative preferred, where missed dividends accrue and must be paid, and non-cumulative, where they are forfeited. - How callable features benefit the issuer by allowing them to redeem shares when rates fall, while convertible features benefit the investor by offering upside potential. - The characteristics of participating preferred stock, which can earn extra dividends, and adjustable-rate preferred, which has a variable dividend tied to a benchmark, affecting its price stability. - Key exam traps, including confusing issuer vs. investor benefits and performing dividend calculations without confirming the par value. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep","meta_description":"This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionat…","key_points":[],"chapters":[],"topics":[],"duration_seconds":239,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/open-exam-prep-7140559/episodes/series-7-exam-prep-17-preferred-stock-features/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-17-preferred-stock-features.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}