FINRA Series7 Actual Free Exam Questions & Community Discussion
Which of the following is not true about US treasury bills?
Correct Answer: A
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Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an
additional 100 shares at $20. The utility company is raising $40 million of new capital. How many rights
does Bubba receive?
additional 100 shares at $20. The utility company is raising $40 million of new capital. How many rights
does Bubba receive?
Correct Answer: D
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Who is responsible for verifying that limited partners meet net worth and income requirements?
Correct Answer: C
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An ERISA benefits plan qualified under Section 401(a) of the Internal Revenue Code may:
Correct Answer: B
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An investor purchasing a corporate bond regular way will have to pay the contracted price plus accrued
interest:
interest:
Correct Answer: B
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Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and
SMA of $500. What is the NYSE minimum equity maintenance for this account?
SMA of $500. What is the NYSE minimum equity maintenance for this account?
Correct Answer: C
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How often must Investment companies issue financial statements to shareholders?
Correct Answer: C
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Which of the following is not found in the final prospectus?
Correct Answer: D
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Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72.
The put expires and the call is closed at its intrinsic value. What is the resulting profit?
The put expires and the call is closed at its intrinsic value. What is the resulting profit?
Correct Answer: C
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For what time period does a Form 144 remain in effect?
Correct Answer: C
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