SIE Mastery Exam 1 Review 2024
Settlement date
9. All of the following terms apply to publicly traded fund shares EXCEPT:: re- deemable
10. Retail member firms that route orders to market makers in return for compensation:: is permitted to do so, subject to best execution requirements and disclo...
1. Which statement is TRUE when comparing types of management compa- nies?: Open-end funds
are mutual funds while closed-end funds are publicly traded funds
2. Which of the following is NOT part of the secondary market?: Fifth Market
3. The term "publicly traded fund" is the common name for a(n):: closed end management
company
4. Which of the following is a redeemable security?: Open-end fund
5. American Depositary Receipts would NOT trade on which of the following exchanges?: Tokyo
Stock Exchange
6. ABC corporation has set the record date for a cash dividend at Tuesday, July 16th. The last day to
buy the stock "regular way" and receive the dividend is:: July 12th (Friday)
7. A corporation has been in financial difficulty and its stock price has fallen to an extremely low
level. To avoid delisting, it wishes to raise its stock and it wants to conserve its cash. To do this, it
should declare a:: reverse stock split
8. Under IRS rules, if a customer selling shares of stock wishes to use specific identification instead
of FIFO for cost basis reporting, the broker-dealer effect- ing the trade must be notified of this no later
than:: Settlement date
9. All of the following terms apply to publicly traded fund shares EXCEPT:: re- deemable
10.Retail member firms that route orders to market makers in return for compensation:: is
permitted to do so, subject to best execution requirements and disclosure requirements
11.Which of the following would be a quote for an airline bond?: 105 5/8
12.A company's common stock is selling in the market at a "multiple" of 15. If the market price of the
common stock is currently $15, what is the earnings per share?: $1.00
(When a stock is selling at a "multiple" of 15, this means that the market price is 15 times the
current earnings per share. Since the market price is at $15 and the P/E ratio is 15, earnings per
share is $1.00.)
13.Buy limit orders:: are used to buy securities at prices that are lower than the current
market price
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, SIE Mastery Exam 1 Review 2024
14.Which statement is TRUE regarding oil and gas limited partnership inter- ests?: The primary
tax benefit of an exploratory program is the intangible drilling cost deduction
15.A securities dealer is quoting ABCD stock at 12.00 - 13.00 (10 x 15). This means that the dealer is
willing to:: buy 1,000 shares at $12 and sell 1,500 shares at $13
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