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Finra Series-7 Exam
- 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 May. 13, 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.
The accounting statement that represents a company's financial position on a particular date is the:
balance sheet. This report reflects the entire condition of the company by showing all assets, liabilities, and components of net worth.
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.
When a corporation issues a nonconvertible debenture, what is the effect upon its net worth?
it is unchanged. The debentures add to liabilities and to cash (an asset) received from the sale. There is no effect on net worth.
The Bubba Corporation has 900,000 of common outstanding and holds 100,000 shares as treasury stock. At the end of the third quarter $450,000 is distributed as a dividend on the common.
How much is the dividend per share?
$0.45. Since treasury stock does not receive dividends, divide $450,000 by the outstanding 100,000 shares to arrive at $0.45 per share.
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