Finra Exam Series-7 Topic 4 Question 77 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 77
Topic #: 4

Although a corporation has no earnings in a particular year, it is obligated to pay interest on all its outstanding debt except the following:

Aconvertible subordinated debentures

Bcollateral trust bonds

Cadjustment bonds

Dequipment trust certificates

Show Suggested Answer

Suggested Answer: D

predictions of recession in the economy. All of the other choices are technical market indicators. An economic forecast is ''fundamental'' market data.

by Deonna at Nov 24, 2023, 02:17 AM

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Ariel

5 days ago

Haha, I bet the finance team at the company is really hoping their equipment trust certificates are the answer. Gotta love those loopholes!

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Lavera

7 days ago

Ah, this is a tricky one. I think the answer might be A. Convertible subordinated debentures have a different set of rules when it comes to interest payments.

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