FINRA Security Industry Essentials Practice Test 34

1. Which of the following issues standardized options?

2. Which of the following may NOT trade on the floor of the NYSE?

3. The state of Massachusetts is seeking to raise $300 million through the sale of revenue bonds to repair the roadways. Which of the following is correct?

4. For an insider to sell unregistered stock under an exemption from registration with the SEC, Form 144, Notice of Offering, which contains certain information, must be filed with the SEC. The insider can sell securities during the period of time in which the notice of offering is effective, which is:

5. A red herring given to a client during the cooling-off period will contain all of the following, except:

6. An investor buys 100 shares of XYZ 7% convertible preferred stock which are convertible into XYZ common stock at $20 per share. How many shares of common stock are there upon conversion?

7. Which of the following is not true regarding American Depositary Receipts (ADRs)?

8. An investor holding an 8% subordinated debenture will receive how much at maturity?

9. A company you own common stock in has just filed for bankruptcy. As a shareholder, you will have the right to receive:

10. An ABC corporate bond is quoted at 110 and is convertible into ABC common at 20 per share parity. Price for the stock is:

11. Which of the following municipal issues would most likely have more than one source of revenue?

12. Your customer buys a U.S. T-bond at 103.16. How much did he pay for the bond?

13. The money market is a place where issuers go to:

14. The government has two tools it can use to try to influence the direction of the economy. They are:

15. XYZ has just gone public and is quoted on the Nasdaq Capital Market securities market. Any investor who buys XYZ must get a prospectus for how long?