Online Access Free Series7 Exam Questions

How much currency is one mil worth?

• A.one-tenth of $1
• B.one-tenth of $1,000
• C.one-tenth of $100
• D.one-tenth of one cent

The Bubba Fund is a load mutual fund that offers a reinvestment plan. What does this mean?

• A.purchasers of fund shares must agree to make regular investments over a period of years
• B.holders of fund shares are permitted to regularly purchase additional shares at the bid price
• C.income, dividend, and capital gain distributions may be automatically used to purchase new shares of
  the fund
• D.no federal income taxes are paid on dividends and capital gain distributions from the fund

After an extended period of backing and filling, a stock moves up sharply through a resistance level on
heavy volume. A technical analyst would likely call this a:

• A.breakout
• B.buy-in
• C.buying climax
• D.technical rally

What rate of return takes into consideration appreciation or depreciation in market value relating to the par
value of a debt security?

• A.basis yield
• B.nominal yield
• C.current yield
• D.yield to maturity

CMOs are sold and priced based upon which of the following:

• A.par value
• B.stated maturity
• C.current yield
• D.expected average life