Free Preparation Discussions
MENU
Finra Series-7 Exam Questions
- Topic 1: Prospectus in a Registration Statement at the Time of Effectiveness/ Limitations on Benefits and Contributions Under Qualified Plans
- Topic 2: Authorization Records for Negotiable Instruments Drawn from a Customer’s Accounts/ Standards and required approvals of public communications
- Topic 3: Seminars, lectures and other group forum requirements/ Persons Deemed Not To Be Engaged in a Distribution and Therefore Not Underwriters
- Topic 4: Restrictions on the Purchase and Sale of Initial Equity Public Offerings/ Networking Arrangements Between Members and Financial Institutions
- Topic 5: Transactions withEmployees and Partners of Other Municipal Securities Professionals/ Communications with the Public about Variable Life Insurance and Variable Annuities
- Topic 6: Summary Prospectuses for Open-End Management Investment Companies/ Approval and Documentation of Changes in Account Name or Designation
- Topic 7: Communications with the Public about Collateralized Mortgage Obligations (CMOs)/ Options-related communications; options disclosure document (ODD)
Free Finra Series-7 Exam Actual Questions
Note: Premium Questions for Series-7 were last updated On Oct. 20, 2024 (see below)
Which of the following persons would consider annual reports of a corporation as the most important factor in making investment decisions?
a fundamental analyst. These analysts are guided by computations about a company's performance using data in annual reports.
Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72. The put expires and the call is closed at its intrinsic value.
What is the resulting profit?
$200. Since XYZ is trading at 72, a November 65 call has an intrinsic value of $700. A sale at that value compared to the cost of $300 is a profit of $400. Subtract the loss of $200 on the expired put to obtain the profit of $200.
Bubba is long spot Canadian dollars at 0.7400. If he wants to buy one put option on Canadian dollars with a strike price of 74 and a cost of $0.35, what is Bubba's breakeven price for Canadian dollars?
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).
In early September, Bubba buys 100 shares of XYZ for $83 per share and simultaneously writes one XYZ March 90 call for $4.
What is the price for XYZ stock at which Bubba will breakeven?
$79. Bubba's breakeven is his cost of the stock less the premium he received ($83 - $4).
Which of the following options positions is characteristic of a short straddle?
long one put and short one call. This is a short straddle. A position that is long one put and long one call is a long straddle.
- Select Question Types you want
- Set your Desired Pass Percentage
- Allocate Time (Hours : Minutes)
- Create Multiple Practice tests with Limited Questions
- Customer Support
Alease
5 days agoTwana
9 days agoLashandra
16 days agoAleta
19 days agoVivan
22 days agoRessie
1 months agoElizabeth
1 months agoPaz
2 months agoDean
3 months agoEdda
4 months agoChristiane
4 months ago