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FINRA Series 7 questions with 100% correct answers graded A+
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FINRA Series 7 questions with 100% correct answers graded A+
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FINRA Series 7T-Bond - correct answer ✔✔Usually 10-30 years that pay interest every 6 months. They are quoted
exactly like T-Notes
Securities Fund Service - correct answer ✔✔SFS
Swap Execution Facility - correct answer ✔✔SEF
None Deliverable Forward - correct answer ✔✔NDF
Direct Custody Clearing - correct answer ✔✔DCC
Office of Foreign Asset Control - correct answer ✔✔OFAC
What makes parity important when pricing convertible bonds? - correct answer ✔✔The conversation
rate can slip out of parity with what a bond can sell for on the open market. This it is important to do the
math on conversation rate before deciding to convert into common or sell the bond on the market.
Treasury Receipts - correct answer ✔✔Are created by brokerage firms from Treasury Notes that are held
in trust and collateralized.
Yes, the trust indenture anti dilution covenant requires an adjustment to the share price for stock splits,
stock dividends, and new issuance of shares. - correct answer ✔✔Does the Trust Indenture provide an
anti dilution covenant?
Bonds like US treasuries where no physical certificate exists are called? - correct answer ✔✔Book-entry
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