Exam (elaborations)
SIE Exam 2024 updated already passed(correctly answered)
- Course
- Institution
SIE Exam 2024 updated already passed(correctly answered)
[Show more]
Content preview
SIE Exam 2024 updated alreadypassed(correctly answered)
What is cost basis?
A
The original purchase price plus any transaction costs
B
The transaction charges affiliated with the purchase of any security
C
The net after-tax purchase price per share of common stock
D
The amount of any gain or loss if a different transaction had occurred - correct answer ✔✔A. The original
purchase price plus any transaction costs
Which of the following corporate securities carries the greatest risk to the investor?
A
Commercial paper
B
Common stock
C
Preferred stock
D
Bonds - correct answer ✔✔B. Common Stock
Which of the following is a characteristic of a frozen account?
A
,The frozen status lasts for 90 days
B
Purchases may not be made in the account
C
Frozen account status covers all accounts at the firm
D
Only margin accounts can have a frozen status - correct answer ✔✔A. The frozen status lasts for 90 days
ABC insurance company has issued a variable annuity contract. The contract offers numerous investment
options, including subaccounts, which hold bonds, domestic equities, and foreign securities. Which of
the following risks does ABC incur when issuing this contract?
A
Mortality and currency risk
B
Mortality and expense risk
C
Currency and expense risk
D
Inflation and interest-rate risk - correct answer ✔✔B
Mortality and expense risk
Which of the following is required to be maintained for three years?
A
Currency Transaction Reports
B
Instant messages
C
,Customer account records
D
Customer complaints - correct answer ✔✔B
Instant messages
When is the final due diligence meeting held?
A
Just prior to the end of the cooling-off period
B
At the start of the cooling-off period
C
After the IPO
D
Prior to submitting the registration statement to the SEC - correct answer ✔✔A
Just prior to the end of the cooling-off period
Private REITs are all the following, except:
A
Registered with the SEC
B
Have no disclosure requirements
C
Only suitable for wealthy investors
D
Usually offered as private placements - correct answer ✔✔A
Registered with the SEC
, Which of the following statements is true regarding secondary offerings?
A
Sale proceeds go to the issuer
B
Shares are sold through an underwriter
C
Secondary offering transactions take place in the secondary market
D
They are considered a primary offering since the shares have already been issued - correct answer ✔✔C
Secondary offering transactions take place in the secondary market
Which of the following remarks regarding Class B shares is unacceptable?
A
"A purchase of Class B shares is invested in the same underlying portfolio as A shares of the same fund"
B
"Class B shares do not qualify for breakpoints"
C
"Class B shares are considered a no-load if held beyond the surrender penalty date"
D
"Class B shares are subject to a contingent deferred sales charge" - correct answer ✔✔C
"Class B shares are considered a no-load if held beyond the surrender penalty date"
What is a unique feature of a Roth IRA compared to a traditional IRA?
A
Tax-free distributions may be postponed beyond reaching the age of 72
B
Catch up provisions allow people age 50 or older to make contributions greater than the normal annual
maximum
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 Sakayobako30. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $22.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now