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Series 7 Practice Questions with Correct Answers | 100% Pass An investor tells his rr to purchase 50m EGG 11.7% debenture bonds. The order goes through and the bonds are purchased for 113. A year before the bond matures, it is valued at 103. What is this called? - ️️ Correct-Amortization I...

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  • September 25, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • series 7 practice questions with correct answers

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Series 7 Practice Questions with Correct
Answers | 100% Pass

An investor tells his rr to purchase 50m EGG 11.7% debenture bonds. The order goes

through and the bonds are purchased for 113. A year before the bond matures, it is

valued at 103. What is this called? - ✔️✔️Correct-Amortization


In oil and gas limited partnerships is the risk greater in developmental or exploratory

programs? - ✔️✔️Correct-exploratory

What is the best way to measure the GNP? (gross national product) - ✔️✔️Correct-

constant dollars

What is the broker's role in the term "broker/dealer"? - ✔️✔️Correct-executing trades for

client accounts

What is the maximum federal tax rate for corporations on their dividends and other

income? - ✔️✔️Correct-35%

What is the maximum federal tax rate for individuals on their dividends and other

income? - ✔️✔️Correct-20%

What type of securities are exempt from registration under the Securities Act of 1933? -

✔️✔️Correct-government agency issues




1/17

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Suppose a put is assigned to the writer. Under federal guidlines, the premium received

by the writer of the put is treated in what manner? - ✔️✔️Correct-It is subtracted from the

cost basis when the writer is assigned

How much income must a REIT generate from the real estate properties? - ✔️✔️Correct-

75%

How much must a REIT pass-through of its profits to investors? - ✔️✔️Correct-90%

A portfolio manager of a pension fund desires income but wants to protect the porfolio.

What option position would he make? - ✔️✔️Correct-Write calls against the market index

for income and protection.

A rr should request an extension of time for an invest to pay for stock that he has

purchased by the: - ✔️✔️Correct-Fifth business day

Self-employed people can contribute how much to thier Keogh? - ✔️✔️Correct-The lesser

of 100% of their income or $51,000

Your customer thinks that the stock is aobut to hit the resistance level and break

through to the next level. She would like to take advantage of the situation. Whay type

of ORDER would you suggest she place? - ✔️✔️Correct-Buy Stop order

When an investor buys a corporate bond, they have how many days to pay for it? -

✔️✔️Correct-3 business days

What are the rating agencies for ST, LT and Muni Debt Securities? - ✔️✔️Correct-1. S&P

2. Moody's


2/17

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
3. Fitch's

4. Best's

What does Best's Rating service rate? - ✔️✔️Correct-they are the one rating company

that rates insurance companies instead of bonds

How are CDs issued? - ✔️✔️Correct-in bearer form only

Where are CDs shown and for how long? - ✔️✔️Correct-on Nasdaq with a minimum

duration of 14 days

How are CDs quoted? - ✔️✔️Correct-in terms of yield

Who does not issue eurodollar deposits? - ✔️✔️Correct-US government

What kind of taxes is the interest of corporate bonds subject to? - ✔️✔️Correct-federal

income tax and state income tax

If a zero-coupon bond is held for one year and sold above its original value, the investor

will have? - ✔️✔️Correct-ordinary income and capital gain

If a zero-coupon bondholder hold it until maturity they will have no? - ✔️✔️Correct-no

capital gain

What type of muni note does not get rated by MIG because they are backed by a

government bond? - ✔️✔️Correct-CLNs

What does a bond indenture NOT include? - ✔️✔️Correct-re-offering yields

What is required before a revenue bond can be issued? - ✔️✔️Correct-feasibility study

and engineering report

3/17

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