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General Securities Representative Series 7 General Securities Representative Qualification Examination (GS)

Series 7 General Securities Representative Qualification Examination (GS)

Last Update Feb 2, 2026
Total Questions : 400

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Questions 2

Which of the following will not result in termination of a limited partnership?

Options:

A.  

transfer of ownership of a limited partnership interest

B.  

sale or transfer of partnership assets

C.  

majority vote of the limited partners to end the partnership

D.  

arrival of the termination date established in the partnership agreement

Discussion 0
Questions 3

Regulation T is set at 50%. Bubba’s account contains long positions in the following securities with the prices listed:

100 ABC $30

200 XYZ $70

200 QBB $40

200 KKK $25

Total market value = $30,000

Debit balance in the account = $12,000

Net equity balance of the account = $18,000

Bubba wants to buy 100 shares of DUM at $30 per share and 100 shares of OUT at $120. How much additional money must be deposited?

Options:

A.  

$6,000

B.  

$7,000

C.  

$4,500

D.  

$1,500

Discussion 0
Questions 4

Assuming all of the following bonds from the same issuer are callable now, which one would most likely get called first?

Options:

A.  

8% maturing 1-15-2016

B.  

8% maturing 1-15-2007

C.  

4% maturing 1-15-2012

D.  

4% maturing 1-15-2007

Discussion 0
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Questions 5

Bubba buys one XYZ September 50 call at $7 and sells one XYZ September 60 call at $3. At that time, XYZ stock is at $55. Bubba has no other stock positions. At what must XYZ trade for Bubba to break even?

Options:

A.  

$54

B.  

$55

C.  

$57

D.  

$60

Discussion 0
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