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Free Access FINRA Series-7 New Release

Page: 9 / 15
Total 400 questions
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General Securities Representative Qualification Examination (GS) Questions and Answers

Question 33

Bubba’s margin account has securities valued at $20,000 and an $8,000 credit balance.

What is the equity in Bubba’s account?

Options:

A.

$8,080

B.

$12,800

C.

$20,000

D.

$28,000

Question 34

Convertible bonds have all of the following features except:

Options:

A.

an ability to protect a short position on the stock into which they are convertible

B.

permissibility for use as collateral

C.

a normally higher yield than non-convertible bonds of the same issuer

D.

fluctuations influenced by changes in the price of the underlying common stock

Question 35

The amount for which the securities of a close-end investment company are selling above net asset value is know as:

Options:

A.

premium

B.

discount

C.

commission

D.

sales charge

Question 36

A buy-in of a customer’s sale transaction is mandated if the securities have not been received by the broker/dealer within how many business days following the settlement date:

Options:

A.

5

B.

10

C.

20

D.

30

Page: 9 / 15
Total 400 questions
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