Online Series-7 Questions Video

both B and C. The size of tax deductions is not a “primary” consideration.

$2,000. Bubba started with $6,000 of equity and a debit balance of $4,000. The market value of his XYZ stock increased by $5,000 ($15,000 - $10,000). Therefore, his equity increased to $11,000. Since Bubba only needs 60% equity, his Reg T requirement is $9,000 ($15,000 x 60%). His equity exceeds the requirement by $2,000.

a closed-end investment company. An open-end investment company may have a sales charge but not a commission.

the specific bid and offering terms of the issue. The bid and offering terms are determined after the syndicate letter to underwriters.