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SIE EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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SIE EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS Which shares of preferred stock may increase the most if the value of the co. common stock appreciates - Answer️️ -convertible preferred stock Convertible preferred stock can be exchanged for the common stock of the issuer. For that reason, if t...

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  • September 25, 2024
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  • 2024/2025
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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

SIE EXAM STUDY GUIDE WITH
COMPLETE SOLUTIONS

Which shares of preferred stock may increase the most if the value of the co. common

stock appreciates - Answer✔️✔️-convertible preferred stock




Convertible preferred stock can be exchanged for the common stock of the issuer. For

that reason, if the common stock's value increases, the market value of the convertible

preferred stock will also increase.

Which of the following securities trades in fractional units of 1/32 of a point? -

Answer✔️✔️-Treasury Bonds



Corporate and municipal bonds trade in increments of 1/8 of a point, while Treasury

notes and Treasury bonds trade in increments of 1/32 of a point. A convertible bond is a

type of corporate bond.

During periods of rising interest rates, an investor can expect: - Answer✔️✔️-Long term

bond prices to fall more than short term bond prices



Rising interest rates will result in the yields of bonds rising as well. Due to the inverse

relationship between bond yields and bond prices, this will result in bond prices falling.



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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Since long-term bonds are exposed to this risk for a longer period, the prices of long-

term bonds will fall more than the prices of short-term bonds.

The Municipal Securities Rulemaking Board (MSRB) does NOT regulate which of the

following? - Answer✔️✔️-Municipal issuers



The MSRB has the power to regulate municipal securities broker-dealers, their

personnel, and their municipal securities communications with the public. However, the

MSRB doesn't have the authority to regulate municipal issuers.

A brokerage firm purchases 600 shares of stock from a customer and places the

securities into its inventory. In this case, the firm likely acted as a(n): - Answer✔️✔️-

Dealer



When a broker-dealer buys a security from a customer by using its own funds and

places the securities into its inventory, it has acted as a dealer (principal). In this

situation, the customer is charged a markdown on the transaction. If the firm bought the

security for a customer or sold a security to a customer without being the other side of

the transaction, it would be acting as a broker (agent) and it would charge the customer

a commission. An underwriter assists an issuer in raising capital in the primary market

by purchasing the securities from the issuer and selling them to customers. The firm

that controls trading on an exchange for a specific stock is referred to as a designated

market maker (DMM).


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