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Series 7 Practice Exam 11

Series 7 Practice Exams

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Practice Exam 11
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Series 7 Practice Exam 11

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Question 1 of 10

1. Question

Which of the following is NOT a type of economic indicator?

Leading
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Equitable
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Lagging
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Coincident
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Correct

Incorrect
Question 2 of 10

2. Question

The largest sampling of stocks in the major market indices is found in the:

The Wilshire Index
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S&P 500 Index
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The Russell Index
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The NASDAQ Index
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Correct

Incorrect
Question 3 of 10

3. Question

Under normal circumstances, the ex-dividend date for open-end investment company shares is:

3 business days prior to the record date.
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on a date set by the fund or its principal underwriter.
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2 business days prior to the record date.
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1 business following the record date.
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Correct

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Question 4 of 10

4. Question

Which of the following are eligible methods for acquiring a breakpoint when investing in shares of open-end investment companies?

I. Lump sum

II. LOI

III. Right of accumulation

IV. The exchange privilege

I and II
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II and III
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III and IV
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I, II, and III
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Correct

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Question 5 of 10

5. Question

FINRA’s rules pertaining to communications with the public define retail communications as which of the following?

Any communication regarding securities sent to more than 1 individual public investors within a 30 calendar day period.
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Any communication regarding securities sent to more than 25 individual public investors within a 30 calendar day period.
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Any communication including individual correspondence sent to more than 25 public investors within a 30 calendar day period.
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Any communication regarding securities sent to 25 or more individual as well as institutional customers within a 30 calendar day period.
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Correct

Incorrect
Question 6 of 10

6. Question

NASDAQ Market Makers are required to report each trade within how many seconds of execution?

3
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30
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10
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No requirement to report
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Correct

Incorrect
Question 7 of 10

7. Question

What is the maximum potential loss when holding a long straddle position?

straddle premium
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unlimited
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strike price of long call + net premium paid
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strike price of long put − net premium paid
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Correct

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Question 8 of 10

8. Question

Which of these calls would have the largest premium?

JKL October 25 call
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JKL October 30 call
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JKL October 35 call
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JKL October 40 call
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Correct

Incorrect
Question 9 of 10

9. Question

When a custodianship account under UGMA purchases securities,

they may be registered in street name if the custodian specifically requests it
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they must be transferred and shipped to the custodian
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they are required by law to be registered in the name of the custodian FBO the minor under the UGMA laws of that particular state
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the trade may be done in either a cash or margin account
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Correct

Incorrect
Question 10 of 10

10. Question

Which of the following securities instruments will most likely decline the least in market price when interest rates rise?

AAA rated Corporate debenture, 6% coupon, maturing in 15 years
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US Treasury Bond, 6% coupon, maturing in 15 years
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4.0 % AAA rated GO bond, maturing in 15 years
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5% AA rated listed debenture, maturing in 15 years
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Correct

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Next: Series 7 Practice Test 12

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