Free FINRA Series-7 Practice Test & Real Exam Questions
Prospective bidders for a municipal bond being issued should consult what document for relevant procedures?
Correct Answer: C
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The preferred stock of Greatest Technology Corporation has a $100 par and is convertible into four shares of common stock. The preferred is trading at 104.50. The preferred is callable at 101. If the common stock price is presently 27.89, which of the following actions would be a successful arbitrage:
Correct Answer: C
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Which of the following is not a marketable security?
Correct Answer: B
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In considering the fairness of a firm's markup, the FINRA considers:
Correct Answer: B
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In a monthly review of customer statements, Bubba notices that one of his firm's clients has paid for seven purchases five days late.
What does he do?
What does he do?
Correct Answer: D
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Bubba Corporation has a profit sharing plan. The company president, Bubba, is receiving the maximum plan contribution amount. The corporation has one other employee, who is eligible for the plan.
If this person earns $12,000 per year, how much must be deposited in the plan for the employee?
If this person earns $12,000 per year, how much must be deposited in the plan for the employee?
Correct Answer: D
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Under what circumstances may a registered investment company change its investment objective?
Correct Answer: C
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When an index option is exercised, settlement is made by:
Correct Answer: A
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For a self-employed individual's retirement plan, ERISA permits an investment in which of the following?
Correct Answer: D
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Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72. The put expires and the call is closed at its intrinsic value.
What is the resulting profit?
What is the resulting profit?
Correct Answer: B
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