Finra Exam Series-7 Topic 6 Question 100 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 100
Topic #: 6

Bubba's order to purchase investment company shares must be executed at a price based upon the net asset value of the shares:

Anext computed after receipt of the order by the dealer

Blast computed before receipt of the order by the dealer

Ccomputed the previous day at the close of the NYSE

Dcomputed the same day the order is received by the dealer

Show Suggested Answer

Suggested Answer: D

0.7435. The put protects against a decline in the exchange rate for Canadian dollars. However, the cost of the put raises the breakeven point to 0.7435 (0.7400 + 0.0035).

by Nickie at Sep 18, 2024, 08:53 PM

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