Free FINRA Series-7 Practice Exam with Questions & Answers | Set: 9

A market-maker has purchased a particular stock over a period of time for prices as high as $9 per share and as low as $3 per share. The average cost is approximately $6 per share. The current NASDAQ quote for the stock is 5 to 5.25. According to the FINRA Conduct Rules, the dealer’s offering price to the public should be based upon:

Which of the following option positions is indicative of the same class of option?

A management group may serve an investment company as its:

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?

What is the term applied to a classification of CMO securities having a stated maturity, average life, and estimated yield?

Which of the following would not normally be a function of an investment banker?

An employer profit sharing plan may be described as:

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

Bubba Corporation has net income of $4,200,000. It has 100,000 outstanding shares of 8% preferred stock ($100 par value) and 400,000 shares of common stock ($10 par value).

What are the earnings per share of common stock?

Which of the following best describes phantom income?