Sie mastery exam - Study guides, Class notes & Summaries

SIE Mastery Exam with correct Answers

SIE Mastery Exam I

Stocks that are listed on the New York Stock Exchange can also typically be listed and traded on: - Answer the Chicago (Midwest) Stock Exchange A customer holds 1,000 shares of ABC stock valued at 80 in a margin account. The debit balance in the account is $35,000. ABC declares and pays a 20% stock dividend. The tax consequence of the distribution to the investor will be: - Answer reduction of cost basis per share

When a stock dividend is received, the investor's number of shares increases by the appropriate percentage, but the price per share is adjusted downward. In this case, a 10% dividend on 1,000 shares would increase the position by 100 shares to 1,100 total shares owned For tax purposes, which of the following is not associated with being reportable as ordinary income? A) Interest received from debt securities B) Wages earned C) Gains from securities transactions D) Rent or lease payments...

The President of PDQ Corporation donates restricted PDQ shares to the United Way after holding them for 3 years fully paid. United Way can sell the stock without restriction: A. immThe President of PDQ Corporation donates restricted PDQ shares to the United Way after holding them for 3 years fully paid. United Way can sell the stock without restriction: A. immediately B. after holding the securities for 90 days C. after holding the securities for 2 years D. after holding the securities fo...

SIE Mastery Exam 3 Review Questions With Verified And Updated Solutions. Which of the following securities is NOT exempt from the Securities Act of 1933? A. Municipal revenue bond issues B. Common carrier issues C. Income bond issues D. U.S. Government bond issues - answerC. Income bond issues Which of the following activities is allowed prior to the filing of the registration statement? A. Sending a customer a "red herring" preliminary prospectus B. Accepting an indication of interes...

SIE Mastery Exam III Questions and Answers

SIE mastery Exam Questions With Accurate Answers. Which statement is TRUE when comparing types of management companies? - answerOpen-end funds are mutual funds while closed-end funds are publicly traded funds Which of the following is NOT part of the secondary market? - answerFifth Market The term "publicly traded fund" is the common name for a(n) - answerclose ended management company Which of the following is a redeemable security? - answerOpen-end fund American Depositary Receipts w...

SIE Mastery Exam I Study Guide With Accurate Solutions. Common Stock - answerNegotiable Not Callable Not Convertible Not Redeemable Common Dividends - answerDeclared Quarterly Paid Quarterly Preferred Stock - answerNegotiable Callable Convertible Cumulative Participating Preferred Dividends - answerPaid Semi-Annually Cash Only Equity Ownership of a Corporation - answerAny... Common Stock Preferred Stock Treasury Stock - answerIssued shares minus outstanding shares Management C...

Which of the following companies is in a cyclical industry? - Answer A heavy equipment maker *Heavy equipment is a cyclical industry, tending to move in tandem with the business cycle. Precious metals tend to be counter cyclical. Food and fuel are defensive industries. Under the Investment Company Act of 1940, an investment company may take all of the following forms except - Answer a limited partnership with partners as passive investors.