Series-7 Dumps PDF – Series-7 Real Exam Questions Answers [Q151-Q170]

QUESTION 151
Bubba buys a US treasury bond. The interest he earns is:

QUESTION 152
Which of the following clients could not open a margin account?

QUESTION 153
Which of the following securities has the highest amount of market risk?

QUESTION 154
Registration of open-end investment company shares with the SEC implies that the:

QUESTION 155
Which of the following does not appear in the official notice of sale?

QUESTION 156
A provision under which an underwriter can cancel a proposed public offering due to some unforeseen occurrence is known as a:

QUESTION 157
Which of the following best describes phantom income?

QUESTION 158
What type of security is quoted with a bid price of 4.72 and an asking price of 4.68?

QUESTION 159
What does the following mean when printed on the stock exchange ticker tape?

QUESTION 160
A corporation makes a rights offering to raise $10 million of new capital by issuing one million shares of common stock. If it already has six million shares outstanding at the time of the offering.
What subscription ratio is the corporation establishing for each new share?

QUESTION 161
Which of the following is least relevant in evaluating the safety of a general obligation bond?

QUESTION 162
In a firm commitment offering, any shares that are not sold are:

QUESTION 163
Bubba buys a 5% municipal bond maturing in 15 years that is trading at a market price of 85.
What is the current yield?

QUESTION 164
A registered representative is given a limited trading authorization by a client. This permits the representative to:

QUESTION 165
In a best efforts distribution of a new non-exempt issue, a broker/dealer:

QUESTION 166
Which of the following must be true in order for an offering to qualify as an intrastate offering under Rule 147?

QUESTION 167
Bubba entered an order to sell long 100 shares of XYZ at 38.75 stop limit. Thereafter, the following round- lot transactions occurred: 38.75, 38.65, 38.50.
At what price was Bubba’s order executed?

QUESTION 168
Regulation T is set at 50%. Bubba’s account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
What is Bubba’s excess equity in the account?

QUESTION 169
How many days after the settlement date must a broker/dealer “buy in” a customer who has failed to deliver securities?

QUESTION 170
In comparing the premium cost of a LEAPS option with a premium of a traditional option on the same security and same strike price, which of the following is generally true?