STC SIE Exam Final Practice Questions and Answers Already Passed
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Course
STC SIE
Institution
STC SIE
STC SIE Exam Final Practice Questions
and Answers Already Passed
Which aspect of periodic payment variable annuities remains unchanged for the holder?
A. The quantity of annuity units held by the client remains constant.
B. The total number of accumulation units for the client remains fixed...
1 STC SIE Exam Final Practice Questions and Answers Already Passed Which aspect of periodic payment variable annuities remains unchan ged for the holder? A. The quantity of annuity units held by the client remains constant. B. The total number of accumulation units for the client remains fixed. C. Annuity agreements do not include beneficiaries. D. The monthly payment a mount adjusts according to the inflation index. ✔✔A. The quantity of annuity units held by the client remains constant. Which type of security must comply with federal registration rules? A. Securities from private placements B. Securiti es issued by GNMA C. Bonds from local or state governments D. Shares of mutual funds ✔✔D. Shares of mutual funds What is the common outcome of extended deflation? A. A reduction in interest rates 2 B. A drop in the inflation rate C. Lower bond values D. Increased equity values ✔✔A. A reduction in interest rates Which statement about fidelity bonds is incorrect? A. They protect clients if their broker dealer faces bankruptcy. B. They cover fraudulent action s such as forgery or fake money. C. FINRA needs to be informed if the bond is canceled or significantly altered. D. They cover securities held by the brokerage as well as those in transit. ✔✔A. They protect clients if their broker dealer faces bankruptcy. What does a market maker’s quote of 50.00 50.05 (15 x 20) indicate? A. The firm is willing to sell 200 shares at $50.00 and buy 150 shares at $50.05. B. The firm plans to purchase 150 shares at $50.00 and sell 200 shares at $50.05. C. The firm intends to sell 1,500 shares at $50.00 and buy 2,000 shares at $50.05. D. The firm is ready to buy 1,500 shares at $50.00 and sell 2,000 shares at $50.0 5. ✔✔D. The firm is ready to buy 1,500 shares at $50.00 and sell 2,000 shares at $50.05. 3 If a bond is purchased at face value with a 5.30% coupon rate and a callable yield of 5.75% in five years, what is the yield to maturity? A. 5.30% B. Greater than 5.30% C. Between 5.30% and 5.75% D. 5.75% ✔✔A. 5.30% In private securities transactions by a broker dealer associate, which does not qualify as compensation? A. Earning a commission from the broker dealer that employs them B. Receiving a commission from a different broker dealer C. Obtaining tax benefits through employment D. Being given warrants by another company ✔✔A. Earning a commission from the broker dealer that employs them A convertible bond has a conversion price of $50 and is currently selling in the market at $1,100. The conversion ratio is: 4 A. 20 B. 22 C. 55 D. 50 ✔✔A. 20 To find the conversion ratio of a convertible bond, the bond's par value ($1,000) is divided by the conversion price ($50). The purchase price of a no load fund is determined by the: A. Net asset value plus a commission B. Net asset value plus a sales charge C. Supply and demand for the fund D. Net asset value ✔✔D. Net asset value SPDR is considered a type of:
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