{"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 32, Municipal New Issues and Underwriting","slug":"series-7-exam-prep-32-municipal-new-issues-and-underwriting","published_at":"2026-07-09T01:01:53+00:00","page_url":"https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-32-municipal-new-issues-and-underwriting","show_page_url":"https://stenobird.com/podcast/open-exam-prep-7140559","url":"https://open-exam-prep.captivate.fm/episode/series-7-exam-prep-32-municipal-new-issues-and-underwriting","audio_url":"https://episodes.captivate.fm/episode/697f8a5a-90cb-4fb8-b185-0f152270a73d.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 difference between a competitive sale, used for most G.O. bonds, and a negotiated sale, common for revenue bonds. - Key information found in the Notice of Sale and the role of the Official Statement as the primary disclosure document. - The breakdown of the underwriter's spread into the manager's fee, total takedown, selling concession, and additional takedown. - The strict priority of orders for allocating bonds: Presale, Group Net, Designated, and Member, remembered by the mnemonic 'Pro Golfers Don't Miss'. - Common exam traps, such as identifying the largest single component of the spread and understanding the liability of selling group members versus syndicate members. 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":189,"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-32-municipal-new-issues-and-underwriting/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-32-municipal-new-issues-and-underwriting.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}