Exam (elaborations)
Series 7 Exam prep questions and answers graded A+
- Course
- Institution
Series 7 Exam prep questions and answers graded A+
[Show more]
Content preview
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
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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now