Which of the following Form U4 reportable events results in a statutory disqualification? - ANSWERA felony conviction for a DUI charge
The computation of dollar prices and accrued interest on municipal bonds is normally on what calendar basis? - ANSWER30/360
Direct participation programs(DPPs...
Which of the following Form U4 reportable events results in a statutory disqualification? - ANSWERA
felony conviction for a DUI charge
The computation of dollar prices and accrued interest on municipal bonds is normally on what
calendar basis? - ANSWER30/360
Direct participation programs(DPPs) provide : - ANSWERExposure to non-correlated assets with
steady returns
Call protection is most valuable to a bond owner when bond prices are generally: - ANSWERRising
When is interest on Treasury notes paid? - ANSWERSemiannually
Which of the following stakeholders has first claim priority in a Chapter 11 proceeding? -
ANSWERSecured debt holders
Under a system if statutory voting, a common stockholder has as many votes for each vacancy on the
board of directors as the number of: - ANSWERShares owned by the stockholder
A savings account at a bank is guaranteed by which of the following entities? - ANSWERFDIC
Under Rule144A, an issuer of restricted stock is permitted to sell to which of the following investors?
- ANSWERQualified institutional buyers (QIBs)
Broker-dealer ABC seeks to underwrite a municipal securities offering by a local town in which the
mayor is currently seeking re-election. A municipal finance professional who resides in the town and
works with ABC contributed $200 to the mayor's re-election campaign 13 months ago. If the
employee wants to support the campaign further without impacting the municipal securities
business of the firm, he is permitted to make an additional contribution of up to what amount? -
ANSWER$50
, Which of the following communications with the public is considered misleading? -
ANSWERLiterature providing 10-year performance information to support predictions of future
performance.
A registered representative is reviewing the following portfolio:
30% ABC Energy Company
30% XYZ Health Care Company
30% Exchange traded funds (tracks the S&P 500)
10% money market funds. Which of the following risks is inherent in this portfolio? -
ANSWERNonsystematic
In a period of low inflation and economic recession, the Federal Reserve is expected to take which of
the following actions? - ANSWERBuy bonds in the open market.
At the time of issuance, which of the following securities normally has the longest period to
expiration?
A. Rights
B. Options
C. Warrents
D. Repurchase agreements - ANSWERC. Warrents
A customer is an officer of a company that is involved in some significant changes. All of the following
items are examples of corporate affairs that could be considered inside information if the customer
shares them with his registered representative EXCEPT:
A. pending transactions
B. declared stock dividends
C. top management changes
D. imminent financial liquidity problems - ANSWERB. declared stock dividends
Under the Securities Act of 1933, registration is required for which of the following securities?
A. Eurodollar bonds
B. Municipal Securities
C. American Depositary Receipts (ADRs)
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