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Exactprep Series-7 Questions

Page: 19 / 30
Total 400 questions

Series 7 General Securities Representative Qualification Examination (GS) Questions and Answers

Question 73

The Bubba Corporation is offering stock to the public for the first time. The registration statement lists 150,000 shares for sale at $400 per share. The company conducts business in a 100-mile radius that includes towns in two neighboring states.

Which of the following information is not required in the preliminary prospectus for this offering?

Options:

A.

a notice in red ink to the effect that the prospectus has not been approved by the SEC

B.

a section describing how the funds from the sale will be used

C.

a statement of the company’s assets and liabilities

D.

the price at which the issue is offered

Question 74

Which of the following pays interest at maturity only?

Options:

A.

a corporate serial bond

B.

US treasury bills

C.

Income bonds

D.

Series H savings bonds

Question 75

At the time it underlying stock is trading at 48, Bubba buys a listed call option with a $50 strike price for $300. At what minimum price must that stock trade for Bubba to recover his investment (ignoring commission and taxes)?

Options:

A.

$45

B.

$48

C.

$51

D.

$53

Question 76

When the market value in a long margin account decreases, the SMA will:

Options:

A.

increase

B.

decrease

C.

stay the same

D.

fluctuate

Page: 19 / 30
Total 400 questions