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SIE Practice Exam 12

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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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Correct

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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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