Online Access Free Series-7 Exam Questions

Bubba has a short margin account with equity of $15,000 and a credit balance of $28,000.
What is th e current NYSE minimum equity maintenance requirement on Bubba's account?

• A.$3,250
• B.$4,500
• C.$3,750
• D.$3,900

In a best efforts distribution of a new non-exempt issue, a broker/dealer:

• A.agrees to buy the issue at a specified price
• B.may allow a selling concession to a bank or trust company
• C.is not required to use an offering circular or prospectus
• D.acts as an agent for the issuer

Which of the following is not prohibited of a general partner?

• A.acting in such a way as to impede the orderly business of the partnership
• B.buying or selling assets of the partnership except to foster the business of the partnership
• C.accepting compensation from any other partnership
• D.competing in any way with the partnership

Which of the following sets of prices is that of a closed-end investment company?

• A.$20.15 $21.85
• B.$7.50 $8.10
• C.$28.14 $27.75
• D.$10.10 $11.00

Bubba owns stock with cumulative voting rights. There are five vacancies on a board and he owns 100 shares of stock. Bubba is entitled to cast the following votes:

• A.a total of 100 votes per
• B.a total of 100 votes
• C.a total of 500 votes
• D.you are not allowed to vote