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FINRA Updated Series-7 Exam Questions and Answers by sylvie

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FINRA Series-7 Exam Overview :

Exam Name: Series 7 General Securities Representative Qualification Examination (GS)
Exam Code: Series-7 Dumps
Vendor: FINRA Certification: General Securities Representative
Questions: 400 Q&A's Shared By: sylvie
Question 16

To qualify as an intrastate offering under SEC Rule 147, which of the following is true of the issue?

Options:

A.

it must be approved by the SEC

B.

it must be sold only to bona fide residents of one state

C.

it cannot exceed $1,500,000 in value

D.

it must consist of common stock only

Discussion
Question 17

A dealer buys 100 shares of XYZ common, which is an actively traded stock, at 23.50. Three days later, when XYZ common is quoted at 19.50 - 19.75, he sells the 100 shares to a customer.

The basis for the dealer’s markup is:

Options:

A.

10 5/8

B.

19 7/8

C.

23 1/2

D.

5% above cost

Discussion
Question 18

Bubba has not existing positions in his account and writes 1 XYZ July 60 put and 1 XYZ July 60 call.

What is this position called?

Options:

A.

short combination

B.

long combination

C.

long straddle

D.

short straddle

Discussion
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Question 19

In order to determine the amount of estate tax due, if any, the assets of a decedent’s estate are valued as of the date of death. A second evaluation is then made:

Options:

A.

three months after the date of death

B.

six months after the date of death

C.

one year after the date of death

D.

at any time up to six months after the date of death

Discussion
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