COMPEHESIVE SIE PRACTICE EXAM (2024/2025) COMPLETE EXAM 500+ QUESTIONS AND CORRECT DETAILED ANSWERS || ALREADY GRADED A+ <RECENT VERSION>
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Course
Sie
Institution
Sie
COMPEHESIVE SIE PRACTICE EXAM
(2024/2025) COMPLETE EXAM 500+
QUESTIONS AND CORRECT DETAILED
ANSWERS || ALREADY GRADED A+
<RECENT VERSION>
Which of the following apply to a call option contract?
1. The right to buy at a strike price
2. The right to sell at a strike ...
COMPEHESIVE SIE PRACTICE EXAM
(2024/2025) COMPLETE EXAM 500+
QUESTIONS AND CORRECT DETAILED
ANSWERS || ALREADY GRADED A+
<RECENT VERSION>
Which of the following apply to a call option contract?
1. The right to buy at a strike price
2. The right to sell at a strike price
3. The obligation to buy at a strike price
4. the obligation to sell at a strike price - ANSWER ✔ 1 & 4
ADRs are used to facilitate which of the following - ANSWER ✔ Domestic
trading of foreign securities
Which of the following may NOT be purchased on margin - ANSWER ✔ Mutual
Funds
This is because open-end investment companies continually issue redeemable
shares (mutual funds), these are new issues and cannot be purchased
, An investor purchased 100 shares if a investment company and paid the market
price plus a commission. What did the investor purchase? - ANSWER ✔ Close-
end investment company shares
Which of the following factors most likely create reinvestment risk? - ANSWER
✔ Falling interest risk
What is the timeframe for filling relevant Suspicious Activity Reports - ANSWER
✔ Within 30 days of initial discovery
Under Reg-T , the 90 day restriction applies to a customer who purchases and
subsequently sells - ANSWER ✔ Same stock in a cash account with having fully
paid for the purchase
A registered rep would be required to notify a FINRA member firm about all of
the following EXCEPT - ANSWER ✔ Receiving passive investment
compensation from another firm
A customer instructs his broker/dealer to purchase 200 shares of Dunham Corp.
Two days after trade date, the customer decideds to change his mind - ANSWER
✔ The customer has entered into a legally binding contract and is obligated to pay
for the stock
The purpose of a Rule 144 filing is to - ANSWER ✔ Alert the SEC that a control
person is offering securities for sale
If a limited partnership interests are distributed in a public offering what is the
name of the disclosure document? - ANSWER ✔ Prospectus
, All of the following are agency issues backed by the government guaranteed or
insured mortgages - ANSWER ✔ Federal Home Loan
FNMA
GNMA
An unconditional contract between a bond issuer and a bond holder that specifies
the terms of the bond is called a - ANSWER ✔ indenture
What is true regarding the capital structure of open-end mutual funds? - ANSWER
✔ open-end mutual funds issue new shares and redeem existing shares from
shareholders
What refers to sing property to secure payment of a loan, which includes
mortgages, pledges, and putting up collateral, but the borrower retains possession?
- ANSWER ✔ Hypothecate
What is correct regarding Coverdell Education Savings Accounts (ESAs)? -
ANSWER ✔ private elementary school expenses are permitted to be paid from an
ESA
The standard expiration period for a put or call option is _____. Long-term equity
anticipation securities (LEAPS) have an expiration period________ - ANSWER ✔
9 months, longer than 1 year
A large interest rate change has the most significant effect on a _______ bond -
ANSWER ✔ low coupon
, What is true regarding the Federal Reserve? - ANSWER ✔ It derives its authority
from Congress
It operates and oversees the US payment system
It supervises and regulates banks
A mutual fund that invests in securities both inside and outside the US is known as
- ANSWER ✔ Global fund
What is true regarding the taxation of TIPS? - ANSWER ✔ TIPS are taxed at the
federal level only
in 2017, the SEC adopted an amendment to the Settlement Cycle Rule under the
Securities Exchange Act of 1934 that changed the standard settlement cycle for
most broker-dealer transactions in what way? - ANSWER ✔ The standard
settlement cycle was shortened from 3 business days after the trade (T+3) to 2
business days after the trade (T+2)
What are examples of funds that are permitted investments in an IRA? -
ANSWER ✔ Real estate
money market funds
common stock
bond funds
What is correct regarding stock splits and reverse stock splits? - ANSWER ✔ A 3-
for-1 stock split will decrease a stock's market price per share
A reverse stock split is intended to increase a stock's market price per share
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