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FINRA Updated Series-7 Exam Questions and Answers by ellen

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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: ellen
Question 108

Bubba buys a $4 convertible preferred with a $50 par value that is exchangeable for common stock at 47.50. If the preferred stock is trading at 52 and the common stock at 51, Bubba determines that the preferred stock is:

Options:

A.

overpriced and will quickly decline

B.

selling at a 4% premium over conversion value

C.

underpriced and should rise quickly

D.

going to be called when the common stock price is $52

Discussion
Question 109

Which of the following items is not deducted to determine a corporation’s net income?

Options:

A.

taxes

B.

dividends

C.

interest

D.

all of the above

Discussion
Question 110

Bubba owns 100 shares of XYZ at $58. He needs to limit his loss to 5 points or less and will accept a longer time for the order to be executed, to make sure the loss does not exceed 5 points.

Which of the following orders would be the best recommendation?

Options:

A.

sell limit order

B.

sell stop-limit order

C.

sell stop order

D.

buy stop order

Discussion
Question 111

Bubba Corporation has a registered public offering of 500,000 shares at $36. Of these, 300,000 shares were authorized by unissued and 200,000 shares were sold on behalf of an affiliated person.

What is evident from this information?

Options:

A.

the entire proceeds of the offering are a primary offering accruing to the corporation

B.

300,000 shares are identified as a primary distribution

C.

60% of the proceeds are paid to the corporation and the balance accrues to the affiliated person

D.

both B and C

Discussion
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