Free Finra Series-7 Exam Dumps

10 days. The customer has 10 days to deliver before the broker will buy in the account.

the buyer is given one-day notice in writing. A contract made on a ''seller's option'' may be terminated by the seller at an earlier date, provided that he gives the buyer one-day notice.

it limits deductions to the amount at risk. Deductions may not exceed contributed capital.

trading in outstanding issues. Secondary market transactions involve trading in securities after the original issue is made. When an issuer offers new securities to the public it is a ''primary offering''.

6.49%. Divide the discount from par value of $150 ($1,000 - $850) by the number of years to maturity (15) to determine the annual discount. Add the result of $10 to the annual interest ($50) to determine the total annual return. Divide the result of $60 by the average of the current price (85) and par (100). The result is 60 divided by 92.5, which equals 6.49%.

general obligation. A limited tax bond is generally classified as general obligation.

special tax. The other categories are not revenue bonds. Special tax is the only type that fits the general grouping.