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SIE Exam STC Prep All Questions With 2024 Complete Solutions!!
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SIE Exam STC Prep All Questions With 2024 Complete Solutions!!
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Name: Score:92 Multiple choice questions
Term 1 of 92
If a customer exceeds SIPC limits:
The customer will receive cash rather than his securities
The customer is a secured creditor
The customer doesn't have a claim to the excess amount
The customer is a general creditor
Term 2 of 92
A registered representative is permitted to contact a person whose name is on the national Do
Not Call List:
Under no circumstances
If the person has provided prior written consent to be contacted
If the person has a brokerage account with another broker-dealer
If the person is an accredited investor
Term 3 of 92
If a stock is sold before the ex-dividend date, but delivered after the record date, it must be
accompanied by:
A letter from the transfer agent
The signature of the owner of the stock
A power of attorney
A due bill
,Term 4 of 92
Which of the following is TRUE if a mutual fund investor chooses to implement a systematic
withdrawal plan from the fund?
The dividends and capital gains that are generated from the fund will be sufficient to make
the payments.
All payments will end on a specific date.
The amount of each payment will remain the same.
The withdrawals result in a reduction of capital.
Term 5 of 92
A customer sells short 100 shares of XYZ at 34. The customer wishes to protect herself against a
loss. Which of the following orders will prevent a loss on the short position?
Enter a buy stop order at 34
Purchase an XYZ 30 call at 5
Enter a buy limit order at 32
The customer will be exposed to the possibility of loss no matter which of these additional
positions or orders is used
Term 6 of 92
The primary concern for investors who use a buy-and-hold strategy to maintain their portfolios is:
Interest-rate risk
Reinvestment risk
Opportunity cost
The allocation of assets
,Term 7 of 92
Which of the following choices would NOT be subject to the holding period restriction under
Rule 144?
Restricted stock acquired under an investment letter
Restricted stock acquired under a stock option plan
Control stock acquired under a private placement
Control stock acquired through an open-market purchase
Term 8 of 92
All of the following characteristics would be associated with a growth company, EXCEPT that it
has a:
High price/earnings ratio
High dividend payout ratio
High amount of research and development costs
Wide trading range for the price of its stock
Term 9 of 92
Which of the following securities would be subject to federal securities registration requirements?
Securities offered through a private placement
GNMA securities
Municipal bonds
Mutual fund shares
, Term 10 of 92
A client has sold short XZY stock. Which of the following actions may be taken to offset the risk of
the short position?
Buy puts
Buy calls
Sell puts
Sell calls
Term 11 of 92
Which of the following securities trades in fractional units of 1/32 of a point?
Convertible bonds
Municipal bonds
Treasury bonds
Corporate bonds
Term 12 of 92
Which of the following are short-term trading vehicles?
Mutual funds
Oil and gas programs
Real estate programs
Leveraged ETFs
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