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Series 65 correct Answers Custom Exam 1 questions well answered to pass $15.99   Add to cart

Exam (elaborations)

Series 65 correct Answers Custom Exam 1 questions well answered to pass

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  • Series 65

Series 65 correct Answers Custom Exam 1 questions well answered to pass

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  • September 25, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Series 65
  • Series 65
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Sakayobako30
Series 65 correct Answers Custom Exam
1

Which of the following may be advertised as a no-load fund?



A: A fund that assesses a 12b-1 fee of 0.25% of average net assets per year

B: A fund that assesses a 12b-1 fee of 0.25% of average total assets per year

C: A fund that assesses a back-end sales charge

D: A fund that assesses a front-end sales charge - correct answer ✔✔A: A fund that assesses a 12b-1 fee
of 0.25% of average net assets per year



An investment adviser is constructing a diversified portfolio for a client. If the client requires liquidity,
which of the following asset class would he least likely recommend?



BBB rated debt securities

Prime real estate

Equity securities traded OTC

Commodity option contracts - correct answer ✔✔Prime real estate



An investor purchases a newly issued 8% Treasury bond at par but earns only a 6% total return over the
next year. Which of the following is the MOST likely explanation for this?



The bond was called by the Treasury

The Treasury missed an interest payment

The market value of the bond declined by 2%

The purchaser did not reinvest the coupon payments - correct answer ✔✔The market value of the bond
declined by 2%



All of the following are associated with state standards for prudent investing by fiduciaries, EXCEPT:

, The prudent man standard

ERISA

Legal lists

The Uniform Prudent Investor Act - correct answer ✔✔ERISA



The third market is concerned with:



OTC equity securities trading on an exchange

Listed securities trading on an exchange

Securities listed on an exchange, but traded in the OTC market

Securities listed on an exchange that are traded directly between institutional investors - correct answer
✔✔Securities listed on an exchange, but traded in the OTC market



Which of the following is suitable for an investor who wants an investment that's marketable, highly
liquid, and provides income?



Certificate of deposit (CD)

Preferred stock

Auction-rate security

Index ETF - correct answer ✔✔Preferred Stock



Modern Portfolio Theory (MPT) defines risk as the:



Possibility of loss of principal

Possibility that returns will be less than the rate of inflation

Slope of the regression line of portfolio returns versus the market

Variability of expected returns about the mean - correct answer ✔✔Variability of expected returns about
the mean

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