Security Industry Essentials Practice Test 24

1. A corporate bond that is currently trading at 95 pays a semi-annual coupon of $25. What is the current yield?

2. Investors purchase common stock primarily for

3. The Nasdaq market is a(n)

4. To avoid double taxation on dividends paid to shareholders, REITs must invest what portion of their total assets in real estate?

5. A customer deposits $2,000 of cash into a brokerage account in the morning and $10,000 in cash into the same account that afternoon. The firm is required to file

6. A husband and wife wish to open a brokerage account in which the husband will own 60% and the wife 40%. At either owner's death, the owner's portion will be liquidated and distributed to his/her beneficiary. What type of account should they open?

7. As part of Rule 144A, the SEC created another category of financially sophisticated investors known as

8. What tax benefit do municipal bonds offer to individual U.S. investors?

9. When the market price of a bond is lower than its par value,

10. All of the following are features of ETFs EXCEPT

11. Which of the following options positions obligates an investor to purchase stock?

12. An investor has 100 shares of XYZ stock at $90 per share. After a 3-for-1 split, the investor can expect to own

13. XYZ Inc. declares a $0.30 dividend payable on Monday, August 15, to all shareholders of record as of Monday, August 8. When is the ex-dividend date for a regular way trade in the stock?

14. Which of the following is a key difference between a Traditional IRA and a Roth IRA?

15. In a 401(k) with a Roth account option, how are employer matching contributions allocated?

All content of site and practice tests © 2022 Jack.
Quick View

FINRA Practice Tests