FINRA SIE Practice Test Exam Questions & Answers 100% Verified
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FINRA
Institution
FINRA
FINRA SIE Practice Test Exam Questions &
Answers 100% Verified
Upon Expiration, all in-the-money S&P 100 Index call options are settled by the
delivery of
which of the following? - Correct Answer-Cash
Which of the following statements is true about treasury stock? - Correct
Answer-It is is...
FINRA SIE Practice Test Exam Questions &
Answers 100% Verified
Upon Expiration, all in-the-money S&P 100 Index call options are settled by the
delivery of
which of the following? - Correct Answer-Cash
Which of the following statements is true about treasury stock? - Correct
Answer-It is issued
stock that has been subsequently reacquired by the corporation
In the event of a stock split, which of the following parties is required to
maintain a record of the
shareholders eligible to receive the additional shares? - Correct Answer-Transfer
Agent
Which of the following actions is required of a broker-dealer's anti-money
laundering (AML)
program? - Correct Answer-Designating an AML compliance officer
A registered representative (RR) wants to participate in a private securities
transaction. Which of
, FINRA SIE Practice Test Exam Questions &
Answers 100% Verified
the following actions must the RR take? - Correct Answer-Send written notice to
his supervisor
outlining the activity and compensation structure
A customer BUYS a 1 ABC Jan 35 PUT for a premium of $3 and simultaneously
buys 100
shares of ABC stock for $35 per share. The customer will break even when the
stock is selling at
what price per share at expiration? - Correct Answer-$38
The call provision of a bond stipulates which of the following factors? - Correct
Answer-Call
date and call price
When is interest on Treasury notes paid? - Correct Answer-Semiannually
The owner of which of the following products is MOST exposed to inflationary
risk? - Correct
Answer-Treasury bonds (because it's long-term)
, FINRA SIE Practice Test Exam Questions &
Answers 100% Verified
A registered representative (RR) who wants to place a mutual fund
advertisement must obtain
written approval from which of the following parties? - Correct Answer-A
registered principal of
the RR's firm
A company announces a tender offer to its shareholders with the intent to buy a
maximum of 1
million shares of its outstanding stock at $10 per share and sets no minimum
number of shares to
be purchased. An investor wants to participate in this offer and tenders his 1,000
share position.
At the close of the offer period, only 900,000 shares have been tendered. How
many, if any, of
the investor's shares will the company purchase? - Correct Answer-1,000 (1,000
x 100 = 100,000
shares; 1 million - 900k = 100k)
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