Financial Industry Regulatory Authority (FINRA) Series 7 Exam – Sample
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Question 1 of 10
1. Question
The Bubba Corporation has 900,000 of common outstanding and holds 100,000 shares as treasury stock. At the end of the third quarter $450,000 is distributed as a dividend on the common. How much is the dividend per share?
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Question 2 of 10
2. Question
In mid-September, Bubba sells one XYZ February 50 call at $6. It subsequently expires without being exercised. How is the premium taxed?
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Question 3 of 10
3. Question
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?
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Question 4 of 10
4. Question
Which of the following is an acceptable deposit to answer an NYSE maintenance call?
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Question 5 of 10
5. Question
Which of the following is the least important method of money control exercised by the Federal Reserve?
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Question 6 of 10
6. Question
Bubba is a registered representative who wishes to buy shares of a new issue his firm is distributing. Under FINRA Conduct Rules, Bubba may:
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Question 7 of 10
7. Question
Under the Investment Company Act of 1940, what is the minimum net worth of a registered investment company?
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Question 8 of 10
8. Question
Which of the following preferred issues is likely to fluctuate most in value?
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Question 9 of 10
9. Question
A mutual fund characterized by a modest sales charge and an investment in a fixed portfolio of municipal securities is a:
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Question 10 of 10
10. Question
Bubba owns 200 shares of XYZ at $90, and wishes to hedge the position while generating income. What is the best recommendation?
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