Final #9

A customer redeems a mutual fund. The customer must be paid the money from the fund company within how many business days?

5 Business Days, 7 Calendar days

The Consolidated Quotations Service is open during the hours of:

9:00 AM ET - 6:30 PM ET NYSE and AMEX

A corporation issues convertible debentures at par. Which of the choices are affected?

Current Assets Net working capital

If a stock dividend is paid in a long margin account

Equity remains the same The number of shares increases

During periods when interest rates are rising, which of the following fixed income securities offers the greatest protection from "interest rate risk"?

High Coupon

Variable rate municipal notes are NOT subject to which of the following risks?

Interest rate risk

Monetary aggregates have increased over the last month. Which statement is TRUE?

Loans made by banks are likely to increase

U.S. Government agency securities are underwritten via:

Negotiated Offering

Regarding an investor's basis in a limited partnership investment which of the following statements are TRUE?

Non-recourse financing is not included in the tax basis The investor is not "at risk" for any non-recourse financing

OEX index LEAP option contracts:

The maximum life of the contract is 36 months Exercise is American style

Regulation T and minimum maintenance requirements on exempt securities

There is no Regulation T margin requirement for exempt securities FINRA sets the minimum maintenance requirement for exempt securities

Foreign currency options are quoted in terms of:

US Dollars

Interest on Eurodollar bonds is paid:

annually

The use of index funds as investment vehicles for asset classes increases:

diversification

Generally, if a non-spouse inherits an IRA, the beneficiary must:

elect to receive the entire proceeds over the next 10 years

When recommending a 529 Plan to a client, the registered representative should inform the customer about the:

fact that the contribution might be deductible at the state level

All of the following would be considered to be a "retail communication" EXCEPT a(n):

institutional communication

A 13D notice would be filed when a(n):

investor accumulates a 5% or greater position in the common stock of an issuer

A direct participation program offering which is "managed:"

is offered by a syndicate on a firm commitment basis

Corporate dividend payments can be made in all of the following ways EXCEPT:

listed options of that company

Dark Pools are:

regulated as broker-dealers subject to Regulation ATS