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FINRA SIE Practice Exam 140 Questions with Verified Answers,100% CORRECT
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FINRA SIE Practice Exam 140 Questions with Verified Answers,100% CORRECT
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FINRA SIE Practice Exam 140Questions with Verified
Answers,100% CORRECT
The redemption value of an open-end investment
company's shares is based on the:
previous offering price
previous closing NAV
NAV computed after the order is received
offering price computed after the order is received
<<<<ANSWER>>>>NAV computed after the order is
received
,The computation of dollar prices and accrued interest on
municipal bonds is normal on what calendar basis?
30/360
30/365
Actual/360
Actual/365 <<<<ANSWER>>>>30/360
Blue-sky laws are regulated by which of the following
entities?
SEC
MSRB
FINRA
state securities regulators <<<<ANSWER>>>>State
securities regulators
At the time of issuance, which of the following securities
normally has the longest period to expiration?
Rights
Options
Warrants
,Repurchase agreements <<<<ANSWER>>>>Warrants
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day <<<<ANSWER>>>>next business day
A firm is a participant in a public offering. To sell a
substantial amount of the securities to its customers, the
firm agrees to repurchase the shares at no less than the
original sales price. Such agreements are:
prohibited as fraudulent and manipulative.
Permissible if the securities are deposited into escrow.
prohibited unless the firm immediately sets aside funds
for the repurchase
permissible if the customers retain the right to sell the
securities into the open market.
<<<<ANSWER>>>>prohibited as fraudulent and
manipulative
, which of the following communications with the public is
considered misleading?
historical illustrations based on factual performance
product comparisons that illustrate material differences
a research report that includes a buy recommendation
for a specific security
literature providing a 10-year performance information to
support predictions of future performance
<<<<ANSWER>>>>literature providing 10-year
performance information to support predictions of future
performance
the primary purpose of a syndicate desk in the context of
an equity offering is to:
determine the list of selling shareholders
build an order book and allocate the stock
solicit interest from investors in the stock offering
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