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FINRA SIE Practice Test Latest 2023 /75 Questions With Verified Answers (A+)
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- FINRA SIE Practice Test Latest 2023
FINRA SIE Practice Test Latest 2023 /75 Questions With Verified Answers (A+)
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FINRA SIE Practice Test Latest 2023 /75 QuestionsWith Verified Answers (A+)
Quiz :Upon Expiration, all in-the-money S&P 100 Index call options are settled
by the delivery of which of the following? - √Answer :Cash
Quiz :Which of the following statements is true about treasury stock? -
√Answer :It is issued stock that has been subsequently reacquired by the
corporation
Quiz :In the event of a stock split, which of the following parties is required to
maintain a record of the shareholders eligible to receive the additional shares?
- √Answer :Transfer Agent
Quiz :Which of the following actions is required of a broker-dealer's anti-
money laundering (AML) program? - √Answer :Designating an AML
compliance officer
Quiz :A registered representative (RR) wants to participate in a private
securities transaction. Which of the following actions must the RR take? -
√Answer :Send written notice to his supervisor outlining the activity and
compensation structure
, Quiz :A customer BUYS a 1 ABC Jan 35 PUT for a premium of $3 and
simultaneously buys 100 shares of ABC stock for $35 per share. The customer
will break even when the stock is selling at what price per share at expiration?
- √Answer :$38
Quiz :The call provision of a bond stipulates which of the following factors? -
√Answer :Call date and call price
Quiz :When is interest on Treasury notes paid? - √Answer :Semiannually
Quiz :The owner of which of the following products is MOST exposed to
inflationary risk? - √Answer :Treasury bonds (because it's long-term)
Quiz :A registered representative (RR) who wants to place a mutual fund
advertisement must obtain written approval from which of the following
parties? - √Answer :A registered principal of the RR's firm
Quiz :A company announces a tender offer to its shareholders with the intent
to buy a maximum of 1 million shares of its outstanding stock at $10 per share
and sets no minimum number of shares to be purchased. An investor wants to
participate in this offer and tenders his 1,000 share position. At the close of the
offer period, only 900,000 shares have been tendered. How many, if any, of
the investor's shares will the company purchase? - √Answer :1,000 (1,000 x
100 = 100,000 shares; 1 million - 900k = 100k)
Quiz :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 for 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 ($250 is the limit PER
election)
Quiz :Which of the following stakeholders has first claim priority in a Chapter
11 proceeding? - √Answer :Secured debt holders
[Order of liquidation at bankruptcy:
1. Unpaid wages
2. Taxes (IRS)
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