Exam (elaborations)
Series 65 exam questions & answers rated A+ passed
- Course
- Institution
Series 65 exam questions & answers rated A+ passed
[Show more]
Content preview
Series 65 examwhat securities are exempt from registration under the uniform securities act?
answer
1)
2)
3)
4) - correct answer ✔✔1) preferred stock issued by corporations traded on the NYSE
2) Common stock issued by a national bank
3) Debenture traded on the NYSE
4) Equipment trust certificated issued by a railroad company regulated by state and fed agency
What is not a security? - correct answer ✔✔Commodities
Personal residence
Currencies
Collectibles
Interest in a retirement plan
Fixed annuity
what is the state administrator permited to do ? - correct answer ✔✔establish regulations relating to the
registration, testing, and fees for broker-dealers, agents, investment advisers, and investment adviser
representatives. Have no civil powers (cannot file a civil suit)
what are the three basic asset classes? - correct answer ✔✔equity (stock)
debt (bonds)
cash & cash equivalents
open end fund - correct answer ✔✔can never have an ask price that is less than its nav
, fund has net redemptions. what does this mean? - correct answer ✔✔less money is coming in than
going out
to meet the redemptions, the fund manager will have to sell securities that they planned to hold onto or
maintian assets in cash
expense ratio will increase potentially due to less assets in the fund
which of the following is the most common measurement of a stock's historical volatility compared to
that of the overall market
a. alpha
b. standard deviation
c. correlation
d. beta - correct answer ✔✔beta
What is a beta ? - correct answer ✔✔Beta is a measure of the volatility of an investment compared with
the market as a whole. The market has a beta of 1, while investments that are more volatile than the
market have a beta greater than 1 and those that are less volatile have a beta of less than 1.
What is correlation? - correct answer ✔✔measures the extent to which stock or portfolio moves in the
same direction as the market
any order ticket submitted by an agent for execution of a broker dealer will include and not include -
correct answer ✔✔account number
agents name
broker dealer name
not include current market price
which of the following is a characteristic of the passive investment style?
A)
Income rather than growth objective
B)
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 $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71184 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now