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SIE practice exam questions & answers 2023/2024 $8.49   Add to cart

Exam (elaborations)

SIE practice exam questions & answers 2023/2024

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  • SIE practice
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  • SIE Practice

SIE practice exam questions & answers 2023/2024 A customer writes an MMM January 70 put at 6. The maximum potential gain on this position is - ANSWER-600 Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is - ANSWER-7300 Large time deposits of more than $10...

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  • July 23, 2023
  • 9
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
  • SIE practice
  • SIE practice
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SIE practice exam questions & answers
2023/2024
A customer writes an MMM January 70 put at 6. The maximum potential gain on this position is -
ANSWER-600



Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is - ANSWER-7300



Large time deposits of more than $100,000 are considered to be found in what part of the money
supply? - ANSWER-M3



By purchasing shares of stock in a company, investors can benefit from which of the following?

An increase in the price of the shares

An increase in price of the company's debt securities

An increase in the yield of the company's outstanding debt securities

The receipt of profits to be distributed - ANSWER-An Increase in price of shares and The receipts of profit
to be distributed



An offering in which one or more stockholders in the corporation are selling all or a portion of their own
shares to the investing public for the first time is known as - ANSWER-a secondary offering



Which of the following is an example of an unsecured debt security?

Debenture

Preferred stock

Mortgage bond

Income bond - ANSWER-Debenture and Income bond



Mutual funds that market directly to the public, using no underwriter and charging no sales charge, are
called - ANSWER-No load funds

, During the cooling-off period, underwriters of new securities may

accept orders to purchase shares

not accept orders to purchase shares

not accept indications of interest regarding potential purchases of shares

accept indications of interest regarding potential purchases of shares - ANSWER-not accept orders to
purchase shares and accept indications of interest regarding potential purchase of shares



The USA PATRIOT Act's required Customer Identification Program is designed chiefly to prevent

real estate fraud

funding of terrorist activities

use of insider information

money laundering - ANSWER-funding of terrorist activity and money laundering



The firm element of a broker-dealer's continuing education requirement must be undergone by all
registered persons who - ANSWER-have direct contact with the public



An August 15 call is written at 4. The call expires without being exercised by the owner. The writer of the
call - ANSWER-keeps the $400 received when the call was written



A mutual fund can offer all of the following to investors EXCEPT - ANSWER-physical custody of the fund's
portfolio cash and securities



In an LP, which of the following is TRUE? - ANSWER-The partnership entity is not responsible for paying
taxes on gains



MAS Corporation has enjoyed an extremely profitable year. It has been determined that those owning
the MAS 4% preferred, participating to 6% preferred shares, will receive the full participating dividend.
The participating shareholders will receive an additional dividend of - ANSWER-2%



A registered representative has a customer buying securities, but rather than paying in full, the customer
wants to borrow some of the money needed for the purchase from the broker-dealer. It is explained to

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