Series-7 무료 덤프문제 온라인 액세스

Bubba decides to buy equity securities. Which of the following statements is always true about what Bubba is buying?

• A.they are readily marketable
• B.they have a fixed rate of return
• C.they have a fixed maturity date
• D.they are not secured by collateral

Which of the following does not appear in the official notice of sale?

• A.denominations and registration privileges
• B.method and place of settlement
• C.amount of good faith check required
• D.an offering scale of serial maturates

A case of leverage is:

• A.borrowing at 6% and investing the funds at 10%
• B.redeeming a convertible bond before maturity
• C.selling common stock short and buying warrants for the equivalent number of shares followed by subscribing to the shares and covering the short
• D.buying stock on the NYSE and later selling it the same day on the CBOE

In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba exercises the put option and uses his stock for delivery.
What is his resulting tax consequence?

• A.this is a wash sale and cannot be included in the investor's tax calculations
• B.a $600 capital loss
• C.neither profit nor loss
• D.cannot be determined without knowing the market price of XYZ upon exercise

A CMO is issued that has three tranches. One has an average life of 2 years. A second has an average life of 10 years. The third has an average life of 30 years. Initially, interest payments are distributed in this order:

• A.equally to all CMO holders of any tranche
• B.first to the holders of the 2-year tranche
• C.first to the holders of the 10-year tranche
• D.first to the holders of the 30-year tranche