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SIE – Practice Exam 7

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Question 1 of 10

1. Question

An analyst would look at which of the following financial statements to understand a company’s financial health at a specific point in time?

Balance sheet
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Cash flow statement
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Shareholder equity statement
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Income statement
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Question 2 of 10

2. Question

Stock market returns are one example of which economic indicator?

Lagging indicator
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Leading indicator
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Inflation
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Coincident indicator
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Question 3 of 10

3. Question

The lowest point of the business cycle is known as:

Expansion
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Contraction
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Recovery
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Trough
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Question 4 of 10

4. Question
Which of the following is true about stock buybacks?
1. Repurchased shares are referred to as treasury stock
2. The relative ownership percentage of each investor decreases
3. Shareholders are not required to participate
4. The repurchase may not exceed 25% of the stock’s average daily volume
I and III
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II and IV
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I, III, and IV
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I, II, III, and IV
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Question 5 of 10

5. Question

Investment Bank A is underwriting an upcoming public securities offering. They agree that the entire offering will be nullified if 100% of the shares don’t sell. This is known as:

Best Efforts
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All or None
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Firm Commitment
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Minimum-Maximum
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Question 6 of 10

6. Question

An issuer who plans to sell their securities over a period of years will need to file which of the following with the SEC?

Shelf registration statement
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Official statement
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Program disclosure document
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All of the above
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Question 7 of 10

7. Question

All the following are true about common stock EXCEPT:

Common shareholders are responsible for voting on corporate policies
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Common shareholders are responsible for electing the board of directors
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In the event of liquidation, common shareholders are entitled to company assets before creditors, bondholders, and preferred shareholders have received theirs
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Common shareholders have limited liability and cannot lose more than they paid for the stock
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Question 8 of 10

8. Question

Stock that has certain advantages, including fixed cumulative dividends and priority repayment in the event of corporation liquidation, is known as:

Preferred stock
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Warrants
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Common stock
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American Depository Receipts
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Question 9 of 10

9. Question

Company A has five open board positions. Under a cumulative system of voting, a shareholder owning 20 shares would be given how many total votes?

20
Correct Incorrect Correct answer

100
Correct Incorrect Correct answer

5
Correct Incorrect Correct answer

25
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Correct

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Question 10 of 10

10. Question

The resale of restricted securities can be done under certain conditions, such as a minimum prior holding period, which is permitted by:

Regulation S-P
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Regulation A
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SEC Rule 147
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SEC Rule 144
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Quiz Summary

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1. Question

An analyst would look at which of the following financial statements to understand a company’s financial health at a specific point in time?

2. Question

Stock market returns are one example of which economic indicator?

3. Question

The lowest point of the business cycle is known as:

4. Question

Which of the following is true about stock buybacks?

5. Question

Investment Bank A is underwriting an upcoming public securities offering. They agree that the entire offering will be nullified if 100% of the shares don’t sell. This is known as:

6. Question

An issuer who plans to sell their securities over a period of years will need to file which of the following with the SEC?

7. Question

All the following are true about common stock EXCEPT:

8. Question

Stock that has certain advantages, including fixed cumulative dividends and priority repayment in the event of corporation liquidation, is known as:

9. Question

Company A has five open board positions. Under a cumulative system of voting, a shareholder owning 20 shares would be given how many total votes?

10. Question

The resale of restricted securities can be done under certain conditions, such as a minimum prior holding period, which is permitted by: