Pearson Series-7 New Attempt

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

Question 81

Which of the following does not decrease basis?

Options:

cash or property paid out

depletion of real property

losses

income from extraordinary sources

Question 82

Bubba wants to buy 500 shares of an NYSE listed stock at 38.87 but he wants to buy at one time, right away, or else forget it.

What kind of order should the registered representative enter?

Options:

fill or kill

all or none

immediate or cancel

now or never

Question 83

Bubba buys a municipal bond at 102 and holds it ten years to maturity.

For tax purposes, how is that premium treated?

Options:

recorded as a long-term capital loss

an ordinary loss taken as a deduction from taxable income

amortized over the life of the bond resulting in no loss at maturity

carried forward as a premium loss applied against profits realized on future municipal securities

Question 84

Revenue bonds are least likely to provide constructions funds for:

Options:

a toll highway

an airport

a public school

a pollution control facility

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

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CompTIA

Fortinet

Microsoft

Salesforce