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SIE – Practice Exam 12

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Question 1 of 10

1. Question

An investor contacts their registered representative and asks to purchase 100 shares of Company A. This order is known as a(n):

Non-discretionary order
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Solicited order
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Discretionary order
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Unsolicited order
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Question 2 of 10

2. Question

ABC Company’s shares have a current bid price of $17.10 and an ask price of $19.60. What is the bid-ask spread?

$2.50
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$36.70
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$5.00
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$18.35
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Question 3 of 10

3. Question

An investor places a limit order to purchase 100 shares of ABC Company at $25. What will happen if ABC Company trades at $24 later in the day?

The order will not be executed
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100 shares will be purchased at $24
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100 shares will be purchased at $26
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100 shares will be purchased at $25
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Question 4 of 10

4. Question

An investor who wants their securities order to stay on the books until it is filled, or until it is canceled, would place which type of order?

Stop order
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Good-til-canceled order
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Day order
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Limit order
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Question 5 of 10

5. Question

A bear market is characterized as:

A prolonged 20% rise in securities prices
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A prolonged 10% decline in securities prices
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A prolonged 20% decline in securities prices
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Any prolonged rise in securities prices
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Question 6 of 10

6. Question

An investor purchases 200 shares of XYZ Company on Monday, October 6. The settlement date of this trade is:

Tuesday, October 7
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Wednesday, October 8
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Thursday, October 9
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Friday, October 10
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Question 7 of 10

7. Question

Corporations hire transfer agents to maintain and update the corporation’s:

Meeting minutes
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Employment agreements
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Articles of incorporation
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Record of shareholders and their equity ownership
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Question 8 of 10

8. Question

ABC Company announces a 3-for-1 stock split. An investor who owned 60 shares at $225 per share before the split will now own:

60 shares at $75 per share
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180 shares at $75 per share
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60 shares at $675 per share
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180 shares at $225 per share
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Question 9 of 10

9. Question

ABC Company announces a 1-for-3 reverse stock split. An investor who owned 60 shares at $225 per share before the split will now own:

20 shares at $675 per share
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180 shares at $225 per share
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20 shares at $225 per share
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180 shares at $75 per share
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Correct

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Question 10 of 10

10. Question

The proxy document Form DEF 14A must be filed with the SEC on a(n):

Annual basis
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Quarterly basis
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Semiannual basis
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Monthly basis
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Quiz Summary

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Results

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1. Question

An investor contacts their registered representative and asks to purchase 100 shares of Company A. This order is known as a(n):

2. Question

ABC Company’s shares have a current bid price of $17.10 and an ask price of $19.60. What is the bid-ask spread?

3. Question

An investor places a limit order to purchase 100 shares of ABC Company at $25. What will happen if ABC Company trades at $24 later in the day?

4. Question

An investor who wants their securities order to stay on the books until it is filled, or until it is canceled, would place which type of order?

5. Question

A bear market is characterized as:

6. Question

An investor purchases 200 shares of XYZ Company on Monday, October 6. The settlement date of this trade is:

7. Question

Corporations hire transfer agents to maintain and update the corporation’s:

8. Question

ABC Company announces a 3-for-1 stock split. An investor who owned 60 shares at $225 per share before the split will now own:

9. Question

ABC Company announces a 1-for-3 reverse stock split. An investor who owned 60 shares at $225 per share before the split will now own:

10. Question

The proxy document Form DEF 14A must be filed with the SEC on a(n):