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

Question 65

A company earns $6 per share and pays out 20% in common stock dividends.

What does the stock yield if it sells at $30 per share?

Options:

10%

2.5%

Question 66

The initial Federal Reserve Bank margin requirement is set at 60% and Bubba purchases 100 shares of XYZ at $100 per share. He deposits $6,000 of the $10,000 purchase price in his account.

If XYZ increases in value to $150 per share, how much excess equity would Bubba have in his account?

Options:

$1,000

$1,500

$2,000

$3,000

Question 67

In the distribution of a new issue underwriters or selling group member are prohibited from:

Options:

selling to the public at the so-called public offering price

selling to another broker or dealer who needs to fill an accommodation order

withholding blocks of a new issue in the member’s account

all of the above

Question 68

An excerpt from a recent tombstone ad reveals bonds offered publicly at 101.

Why were they priced at a premium?

Options:

to enable investors to establish a tax loss when the bonds are redeemed at maturity

to reflect prevailing credit ratings and market conditions for the issuer

to provide the issuer with a larger deduction from pre-tax earnings for higher than usual interest payments

to comply with SEC rules mandating such pricing for debt issues maturing in the year 2000 and thereafter

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

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CompTIA

Fortinet

Microsoft

Salesforce