Practice Test Series 65 2024/2025 with 100% correct answers
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Practice Tt Series 65
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Practice Tt Series 65
what is the equation for operating margin? correct answersnet profit / revenue
what type of risk does beta calculate? correct answerssystematic risk, risk of a single security compared to the market as a whole
what type of risk is eliminated if you always hold a bond until maturity? correct a...
what is the equation for operating margin? correct answersnet profit / revenue
what type of risk does beta calculate? correct answerssystematic risk, risk of a single security compared
to the market as a whole
what type of risk is eliminated if you always hold a bond until maturity? correct answersinterest rate risk
can preferred stock ever be called back by a company? correct answersyes
do you have voting rights if you hold an ADR? correct answersno
what are some things that fundamental analysts look for? correct answersfiscal policy, money supply,
industry analysis, monetary policy, interest rates, and the economic environment.
what type of risk does a zero coupon bond not have? correct answersreinvestment risk
what should be associated with OTC markets? correct answersmassive market, trades government
securities etc
does a corporation have to pay a production tax? correct answersno
what is an Alien Corporation? correct answersincorporated in a country other than the United States
what is a Foreign Corporation? correct answersconducts business outside of the state of its incorporation
what are examples of penalty free withdrawals from a traditional IRA? correct answersmedical bills,
tuition expenses, first time home purchase, disability, beneficiary of deceased who previously held IRA
, when can a short sale take place? correct answersOnly on an up-tick or zero-uptick price movement
when you inherit a security what is your cost basis? correct answerswhen the death occurs the fair value
of the security is your cost basis, and it is always a long term gain
what is a way to combat the probate court process? correct answerssetting up a trust
to determine a fair price to charge as a commission what should be considered? correct answersthe type
of security, current market price and conditions, size of the purchase, amount of time and expense
involved, and the nature of the member's business
when people are getting old what should you estimate their time horizon to be? correct
answersreasonably long because life expectancies are high
do individuals have balance sheets? correct answersyes
what is the difference between a market maker and a specialist? correct answersA specialist works on
the floor of an exchange like the NYSE to maintain an orderly market in assigned stocks, when a market
maker does the same thing in OTC markets
can you convert a 401(k) directly into a roth IRA? correct answersno, it must be in a traditional ira first
what is an example of a non qualified retirement plan? correct answersplan 457 (government
employees)
how long do IAs have to maintain books? correct answersFive years from the end of the fiscal year
during which the last entry was recorded
an IA would be exempt from registering if he had under how many clients int he last 12 months? correct
answers15
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