Series 7 Part5

In administering a joint account, a member firm's responsibilites concerning suitability determination and information disclosure apply to:

If the strike price of a yield-based option is 62.50, this represents a yield of:

If a customer sells a zero-coupon bond before maturity, gain or loss will be the difference between sales proceeds and:

A customer purchases New york State GOs at a discount in the secondary market. The bonds mature in 10 years and are callable in 5 years at par. Under MSRB rules, the customer's confirmation will show

Performance of the terms of a standardized listed option contract are guaranteed by the:

The term "trading flat" means:

Municipal bonds known as dollar bonds are generally quoted:

A city's day-to-day operational expenses may be met by the issuance of:

A custodian of an UTMA account may do which of the following as a fiduciary to the account?

A customer purchases a municipal bond that has been advance refunded. It will be called at 102 four years from now. On the confirmation, the yield that must be stated is the yield to:

If a client is moderately risk-averse and has an investment objective of capital perservation, what times and allocation of investments would you recommend for this customer?

The Dow Jones Industrial Average is which of the following?

Market letters may be supervised as correspondence instead of retail communications

An investor owns $100,000 of convertible bonds with a conversion price of $50. By depositing these bonds into his account, how many covered calls could he write?

In the underwriting of a municipal bond, which of the following is determined by the issuer rather than the underwriter?

What can be advantages of buying an option?

In a new margin account, a customer buys 300 shares of ABC at $40 per share, 100 shares of the Ajax Mutual fund at $24 and 10 PDQ Aug 30 calls at 4. The customer will receive a margin call for:

A customer is long 650 shares of DEF stock trading at $32 per share in a margin account, and the debit balance in the account is $9,200. If DEF pays a 10% stock dividend, what will the effect be on the customer's account?

What securities may be traded over the counter?

Index options contracts that are commonly referred to as the "fear" gauge and based on the expected or implied volatility of the S&P 500 index are known as:

FINRA's Trade Reporting Facility (TRF) electronically facilitates the reporting of trade data such as price and volume for

A registered representative has a client who has moved to another state. To continue doing business for the client, the RR should:

A customer writes 1 OEX (S&P 100) June 820 call at 13 and buys 1 OEX June 830 call at 6, when the index is trading at 826. The breakeven point is

If the market value in a long margin account increases

A stock mutual fund wishes to advertise itself as diversified. To be able to do so, the fund must invest:

A newly issued bond cannot be called for the first five years after it is issued. This call protection feature would be most valuable if, during this five-year period, interet rates are generally

A margin account customer buys 100 shares of HEX at $70 and writes a HEX Oct 70 call for a premium of 8. What must he deposit? (Regulation T is 50%)

Written notice of intent to deliver before the expiration date is required in which of the following transactions?

The Conference Board releases information about the economy on a monthly basis. included are a number of different indicators. Economic indicators can be leading, lagging, or coincidental, which indicates the timing of their changes relative to how the economy as a whole changes. New orders for durable goods is what kind of economic indicator?

A municipal A&O bond is issued on October 1, 1986 with a 10-year stated maturity. If a trade in this bond settles on April 1, 1996, how many days' worth of accrued interest will be added to the price of the bond?

Bonds traded on a cash settlement basis settle on the

A fund is investing capital raised from both institutional and private investors in a nonpublic company to assist the company with an anticipated acquisition. This type of investment would be known as:

Tax preference items are used for the purpose of computing the alternative minimum tax. they include:

LMN securities is the managing underwriter for a new issue of one million MIC common shares. LMN has agreed to sell as much stock as possible in the market, and MIC has agreed to take back any unsold shares. If MIC has not specified a minimum amount of capital for LMN to raise, this is what type of offering?

A registered representative is attempting to close a large municipal bond sale, but the customer voices concern about a potential increase in interest rates. Which of the following actions are permitted by MSRB rules?

Planned amortization class (PAC) CMOs were designed to provide which of the following benefits compared to plain vanilla trenches?

A 2:1 split does which of the following?

Marketing to the market is used to adjust the:

In an IRA, a 6% penalty will be levied if the account owner:

Where would an investor look for a quote on a penny stock?

A customer buys AC growth fund and enjoys a substantial paper capital gain. When he believes the market has reached its peak, he switches into AC income fund within the AC family of funds. He incurs a small service fee but is not charged an additional sales charge. What is the tax effect?

If a customer buys 200 XYZ at 58 and writes 5 XYZ Jan 60 calls at 2, maximum potential loss is

Who requires state registration?

What are 3 advantages of investing in American Depositary Receipts (ADRs)

What are 3 plan that must meet the nondiscrimination provisions of the Employee Retirement Income Security Act (ERISA):