Start studying Series 7, Mastery Exam. Similar to 401(…, Carry issuer risk tied to the creditworthiness of the institut…, UP. Which of the following regarding the municipal sales piece is TRUE? With Regulation T at 50%, an investor opens a new margin account and buys 100 shares of XYZ at 22. Equity options that are in-the-money by what amount will be automatically exercised at expiration absence any other instructions from the customer? If, at the close of the offering, $2 million remains unsold, the member must take down. $2.50 per share or 100% of market value (whichever is greater). One such action would be: A DPP may be suitable for a customer with which of the following objectives? In examining the balance sheet of a corporation, you would expect to be able to determine: A) the net worth of the firm on the date of the balance sheet. Secured Debt (generally bonds backed by assets)... 3.…, 1. to increase Earnings per Share... 2. to finance future acquisi…, Heavily effected by normal business and economic cycles. A registered representative recommending an exchange traded index fund (ETF) to a client could accurately explain that these funds: is charged by the Federal Reserve to a member bank for short-term loans. The flow of funds statement found within a municipal trust indenture: A fund with a portfolio of stocks belonging to companies with patents pending or new products just coming to market is best described as a: A customer enters an order to purchase 1000 shares of XYZ common stock at the market when the quote is 18.22 bid, 18.30 ask. On which of the following dates will this dividend be considered a taxable event to shareholders? Which of the following plans would not allow contributions to be made for someone his age? 6. A customer who invests in a Coverdell Education Savings Account on behalf of her 10-year-old daughter may: The owner of a variable annuity contract chooses a joint life with last survivor option. If the transaction is executed at the market and the broker charges a $.10 mark-up, how will the price be reported to the consolidated tape system? When a broker/dea…, Any material used in the media... General information to the gen…, Members cannot represent their membership that they are endors…, Can be used for college and secondary education. Each bond issued has a warrant attached enabling the holder to buy 3 shares of XYZ common at $30 per share. An example of a security that cannot trade in the secondary market would be: All of the following characteristics are applicable to a repurchase agreement EXCEPT: D) it is used to raise long-term financing. The MSRB has no jurisdiction or authority to regulate: A decrease in business activity and sales would most likely be associated with an increase in: Which of the following statements may you correctly make in describing the benefits of a 403(b) plan to your customer who is a public schoolteacher? You would characterize the customer's portfolio as being: A 5% municipal bond is purchased in the secondary market on a 4% YTM basis. A corporation has undistributed earnings of $.25 per share. The Series 7 Exam Subreddit is a professional community of Reddit users focused on the passing of the FINRA Series 7 Exam. What would two such features be? A customer enters a market order to buy 100 shares of XYZ. In choosing this option, the annuity payments: When opening a custodial account under the Uniform Gift to Minors Act: A customer is likely to experience the greatest purchasing power risk with which of the following investments? To ensure the best experience, please update your browser. Treasury=issued…, Common Shareholders & Preferred Shareholders, investor expectations about future of the company, Accounts for number of shares issued and keeps integrity of sh…, No special features beyond a stated dividend payment.