100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
EXAMFX SIE EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$29.99
Add to cart
EXAMFX SIE EXAM AND PRACTICE EXAM
NEWEST 2024-2025 ACTUAL EXAM COMPLETE
300 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
EXAMFX SIE EXAM
An investor receives a confirmation for the purchase of a foreign
company's shares that was executed on a U.S. exchange. What
type of shares has the investor purchased? - CORRECT
ANSWER-American Depository Receipts (ADRs)
Who is responsible for transferring ownership of the stock
certificate? - CORRECT ANSWER-Transfer agent
What type of common stock has no dividend or voting rights? -
CORRECT ANSWER-Treasury stock
A convertible preferred stock with a conversion ratio of 4:1 is
trading at $100 and is at parity with the common stock. What is
the price of the common stock? - CORRECT ANSWER-$25
,2|Page
What is the term for a portion of total authorized shares that are
actually sold to investors? - CORRECT ANSWER-Issued shares
A shareholder owns 100 shares of stock with cumulative voting
rights. If there are 4 vacancies being voted upon, what is the
maximum number of votes the shareholder may cast for any one
vacancy? - CORRECT ANSWER-400
What does the capitalization of a corporation consist of? -
CORRECT ANSWER-Stocks and bonds
What is the term for securities purchased in unregistered, private
sales from the issue? - CORRECT ANSWER-Restricted
securities
What is the term for the number of outstanding shares of a
corporation multiplied by the stock price? - CORRECT
ANSWER-Market Cap (market capitalization)
Typically, preferred stock has a par value of what amount? -
CORRECT ANSWER-$100
How is the number of outstanding stock shares calculated? -
CORRECT ANSWER-Issued shares minus Treasury stock
,3|Page
In bankruptcy liquidation what is paid out first? - CORRECT
ANSWER-Employee back wages
What kind of bond is issued at a deep discount from the U.S.
Treasury? - CORRECT ANSWER-Zero-coupon bond
What is another name for high-yield bonds? - CORRECT
ANSWER-Junk bonds or speculative bonds
Which type of municipal bond is backed by the full faith, credit
and taxing power of the issuer? - CORRECT ANSWER-General
Obligation bonds
A municipality issued bonds to finance improvements to its
sewer system. Bondholders will be repaid through increased
rates for water and sewer services. What type of bonds are
these? - CORRECT ANSWER-Revenue bonds
What is measured by the yield to maturity? - CORRECT
ANSWER-The total performance of a bond from the time of
purchase until maturity
, 4|Page
If the underwriter is selected by the issuer to purchase bonds,
what status does this give the offering? - CORRECT ANSWER-
Negotiated
For discount bonds, name the yields from highest to lowest. -
CORRECT ANSWER-Yield to maturity, current yield, nominal
yield
Which government agency issues are backed by the full faith
and credit of the U.S. government? - CORRECT ANSWER-
GNMA (Ginnie Mae)
The quote "Bid 1.50 and Ask 1.45" is for what type of U.S.
Treasury security? - CORRECT ANSWER-T-Bills
What are the terms to maturity for a bond and how long is each
term? - CORRECT ANSWER-Short term: less than 2 years
(Bills), intermediate term: 2 to 10 years (Notes), and long term:
more than 10 years (bonds).
When a bond is sold, who receives the accrued interest? -
CORRECT ANSWER-The seller
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller johnkabiru. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.99. You're not tied to anything after your purchase.
