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Series 7 Exam prep questions and answers graded A+
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Series 7 Exam prep questions and answers graded A+
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Series 7 Exam prepCapitalization - correct answer ✔✔shares outstanding X price per share, The total amount of the various
securities issued by a corporation including bonds, debentures, preferred stock, common stock, and
surplus, which represent the sources of long-term financing of the company
SMA - correct answer ✔✔Like a credit card - a line of credit
purchase power is 2X SMA
Stopped Stock - correct answer ✔✔Specialist guaranteed a certain
price to a floor
Stopped trading - correct answer ✔✔no trades until restated
buy stop - correct answer ✔✔accelerates Bull Market
Buy Stop - correct answer ✔✔elected when it reaches the stop price - then fills at market - below or
above price
used to protect against a loss and to lock in a gain when used with a short stock position.
sell stop - correct answer ✔✔accelerates Bear Market
403 B Plan - correct answer ✔✔Only non profit employees
no investment in stocks in plan
sell stop - correct answer ✔✔elected at a price that is X or below
order is triggered and then it becomes a market order to be sold at x or higher
used to protect against a loss and to lock in a gain when used with a long stock position.
,Serial Bond - correct answer ✔✔characterized by decreased interest
mutual fund Yield - correct answer ✔✔dividend / offer price
options: even stock split - correct answer ✔✔nbr contract up and premium / strike price reduced
options: odd stock split - correct answer ✔✔nor of contract remain the same and strike price and
premium reduced
co-terminus - correct answer ✔✔all debt is overlapping (100 %)
nyse - correct answer ✔✔all industrial, transportation, utility and fin. stocks
wilshire 5000 - correct answer ✔✔comprised of 6, 000 stocks on the nyse, mex and nasdaq
dow jones average - correct answer ✔✔30 component stocks
IPO - correct answer ✔✔no margin, no short sell, no relations of B/D
options - correct answer ✔✔not marginable, always result in capital gain or losses
to protect - correct answer ✔✔buy a put
for income - correct answer ✔✔write covered call
ALPHA - correct answer ✔✔violality measure - changes within company 1 - no change, 1.5 - up 50%, .75
- down 25% / violability measurement based on past vol.
WKSI - correct answer ✔✔well know seasoned issues.
, patriot ACT - correct answer ✔✔suspicious Activity report (SAR) for under 10,000 deposit or
CTR Currency Transacion Report for deposits exceeding 10,000
1933 - correct answer ✔✔New Issues
penny stock rule 15c 2-6 - correct answer ✔✔designated securities- nonlisted, non Nasdaq and less than
$5.00 or yes if Investor with firm more than one year and made 3 unsolicited purchases
Reg D - correct answer ✔✔only 35 investor can be non accredited
accredited investor unlimited
1. 1 million exc. home/auto
2. 200,00 income % expected 200,000
3. purchaser 150,000
Reg A - correct answer ✔✔$5 million limitation, 5 M per year, unlimited investors, 30% of stock can be
pre-owned.
Reg NMS - correct answer ✔✔all min 100 shares up to 10,000
all mkt maker & special to process any size order
seller must report in 30 seconds
1991 - correct answer ✔✔phone calls 8 - 9
1988 - correct answer ✔✔insider trading penalities
1940 - correct answer ✔✔Investment co and advisors (must be register w the state and the SEC
1939 (senior securities) - correct answer ✔✔Corp Bond Indenture
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