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General Securities Representative Series-7 Passing Score

Page: 10 / 30
Total 400 questions
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Series 7 General Securities Representative Qualification Examination (GS) Questions and Answers

Question 37

Securities may be sold under SEC rule 144 provided that the following conditions are met:

Options:

A.

the company files regular financial data with the SEC

B.

they are sold in agency transactions only

C.

they are sold in principal transactions only

D.

both A and B

Question 38

In a corporation’s financial statements, earned surplus is also recognized as:

Options:

A.

gross profit

B.

operating income after payment of interest expense

C.

earnings retained after payment of dividends to shareholders

D.

net income

Question 39

Which of the following is identified as a funded debt instrument?

Options:

A.

US treasury bond

B.

Series EE savings bond

C.

corporate bond

D.

Fannie Mae bond

Question 40

A mutual fund with an 8% load and a 1% redemption fee carries a current quote of $6.25 - $6.79. If an investor has tendered his shares for redemption on that basis, the per share price he will receive is approximately:

Options:

A.

$6.79

B.

$6.72

C.

$6.25

D.

$6.19

Page: 10 / 30
Total 400 questions
Get Series-7 Full Access Download Series-7 PDF