The redemption value of an open-ended investment company's shares is based on the:
- ANSWER-Net assest value computed afdter the order is recieved
An
... [Show More] associated person who is not a registered representative is permitted to engage in
which of the following activities? - ANSWER-Provide account opening forms to a new
customer
A decline in the gross domestic product (GDP) must last for at least how many quarters
to be considered a recession? - ANSWER-2 quarters
When is interest on Treasury notes paid? - ANSWER-Semiannually
Which of the following communications with the public is considered misleading? -
ANSWER-Literature providing 10-year performance information to support predictions
of future performance
Which of the following stakeholders has first claim priority in a chapter 11 proceeding? -
ANSWER-Secured debt holders
The last transaction in xyz 5.50s 2030 was at 102. This bond is selling at: - ANSWER-A
premium
All of the following risks apply to both foreign and domestic debt instruments except: -
ANSWER-Exchange
Under FINRA rules, which of the following activities by a registered representative
require written notification to her firm? - ANSWER-Driving part time for a transportation
network company on weekends
Which of the following investment risks is the greatest risk in a variable life insurance
policy? - ANSWER-Market risk
Which of the following products is adversely impacted if the issuer's credit rating is
downgraded? - ANSWER-Exchange-traded notes (ETNs)
Which of the following forms U4 reportable events results in a statutory disqualification?
- ANSWER-A felony conviction for a driving under the influence (DUI) charge
In the event of a stock split, which of the following parties is required to maintain a
record of the shareholders eligible to receive the additional shares? - ANSWERTransfer agentA firm is a participant in a public offering. To sell a substantial amount of the securities
to its customers, the firm agrees to repurchase the shares at no less than the original
sales price. Such agreements are: - ANSWER-Prohibited as fraudulent and
manipulative
At the time of issuance, which of the following securities normally has the longest period
to expiration? - ANSWER-Warrants
The call provision of a bond stipulates which of the following factors? - ANSWER-Call
date and call price [Show Less]