Finra series 7 - Study guides, Class notes & Summaries

Which investment company does NOT charge a management fee? - ANSWER-A unit investment trust Shares of a closed-end fund are available on the NYSE at $21.50 per share. The customer will pay: - ANSWER-$21.50 + a commission All of the following statements are TRUE about closed-end investment companies, EXCEPT that the: - ANSWER-Shares may not sell below the current net asset value Which of the following stipulations is NOT included in a letter of intent? - ANSWER-The fund may stop redempti...

FINRA SERIES 7 EXAM 2024 WITH 100% ACCURATE SOLUTIONS STRIPS may be attractive to investors for which of the following reasons? A. They offer semi-annual interest payments B. The securities are tax-free until they mature C. They carry almost no reinvestment risk D. They are offered at only a 20 year maturity which is a maturity that is not offered by traditional Treasury securities - correct answer C. They carry almost no reinvestment risk The Alternative Minimum Tax (AMT): A. A...

FINRA Series 7 practice exam multiple choice 100 Questions with Verified Answers

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FINRA Series 7 Exam 182 Questions with Verified Answers

Debt to capitalization ratio use _____________ correct answers book value, including of equity Green shoe clause correct answers agreement allowing the underwriters to sell additional shares if demand is high for an offering of securities; can be in part or in full at any price can allow underwriter to profit -doesn't need to be approved by underwriter once its disclosed in the prospectus A company that is not a commercial bank issues a 10-year bond. It is exempt from SEC registrati...

FINRA Series 7 Stimulated Exam 3|42 Questions with Verified Answers

403(b) plans are available to the following groups of people: I. Government employees II. Employees of public educational institutions III. Employees of nonprofit organizations IV. Self-employed individuals A. II and III B. I and II C. I and IV D. III and IV - ️️A. II and III A broker-dealer can offer a discounted price for mutual funds in which case? Choose the best answer. A. If the shares have been available to the public for more than 90 days B. If the customer meets the b...