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FINRA Series-7 Exam With Confidence Using Practice Dumps

Exam Code:
Series-7
Exam Name:
General Securities Representative Qualification Examination (GS)
Certification:
FINRA Other Certification
Vendor:
FINRA
Questions:
400
Last Updated:
Dec 22, 2024
Exam Status:
Stable
FINRA Series-7

Series-7: FINRA Other Certification Exam 2024 Study Guide Pdf and Test Engine

Are you worried about passing the FINRA Series-7 (General Securities Representative Qualification Examination (GS)) exam? Download the most recent FINRA Series-7 braindumps with answers that are 100% real. After downloading the FINRA Series-7 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the FINRA Series-7 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the FINRA Series-7 exam on your first attempt, we have compiled actual exam questions and their answers. 

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General Securities Representative Qualification Examination (GS) Questions and Answers

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Question 1

Bubba buys a municipal bond at a discount and holds it to maturity.

Which of the following is true?

Options:

A.

interest is taxable as ordinary income

B.

the capital gain is tax exempt

C.

interest is tax exempt, but the capital gain is taxable

D.

the capital gain is tax exempt, but the interest is taxable as ordinary income

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Question 2

In mid-September, Bubba sells one XYZ February 50 call at $6. It subsequently expires without being exercised.

How is the premium taxed?

Options:

A.

Bubba’s cost of the underlying stock is reduced

B.

the $600 premium is a capital gain

C.

the $600 premium constitutes ordinary income

D.

the $600 premium is rolled over into another XYZ call with the next longest expiration date

Question 3

A limit order is best describes as an order:

Options:

A.

to buy at a specific price or lower

B.

to sell at a specific price or higher

C.

to be executed at a specific price or better

D.

that is in effect for only one day

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