Series7無料問題集「FINRA General Securities Representative Examination (GS)」

質問 1

Bubba buys a bond issued at par with a 5% coupon that is convertible into common stock at $40. The
bond increases in value by 20 points. What is the conversion parity of the stock?

（A）$25

（B）$50

（C）$40

（D）$48

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 2

In a competitive bidding for mortgage bonds of a large public utility the winning underwriter is determined
by:

（A）the lowest net interest cost to the issuer

（B）the shortest maturity date for the bonds

（C）the refunding and sinking fund terms in the indenture

（D）the highest dollar amount paid to the issuer

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 3

Under which of the following conditions may a registered representative of a firm that is an underwriter of
a new offering of common stock send to a client a copy of the firm's research report on that stock?

（A）if his firm is not the managing underwriter

（B）if it is accompanied by a red herring

（C）under no circumstances

（D）if he has permission of his employer

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 4

Bubba is buying a Federal Home Loan Bank issue that is offered at 95.22. How much will he pay to
purchase one bond?

（A）$956.88

（B）$952.20

（C）$951.63

（D）$95.22

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 5

A withdrawal from a Roth IRA may be a qualified distribution if the Roth IRA has been open for at least:

（A）5 years

（B）90 days

（C）one year

（D）2 years

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 6

Municipal syndicate allocation procedures are described in which of the following?

（A）official statement

（B）syndicate account letter

（C）underwriting agreement

（D）agreement among the underwriters

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 7

Which of the following is true about option prices?

（A）premiums on options of well-known companies are usually larger than on lesser-known companies

（B）premiums on options of higher-priced stocks are usually greater than on lower-priced stocks

（C）premiums on options for listed stocks are usually greater than on unlisted stocks

（D）premiums on options of volatile stocks are usually larger than on less volatile stocks

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 8

Which of the following options positions is characteristic of a short straddle?

（A）long one put and short one call

（B）long one put and short one call

（C）long one call and short one put

（D）long one call and long one put

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 9

Under a leaseback arrangement used to finance construction of local schools, who is the issuer of the
municipal bonds?

（A）a legal authority created for this purpose

（B）the local school district

（C）the state in which the schools are located

（D）a public housing authority commissioned by the federal government

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 10

Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72.
The put expires and the call is closed at its intrinsic value. What is the resulting profit?

（A）$700

（B）$200

（C）$500

（D）$300

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 11

Common stocks for which of the following industries are most likely to decline in value when interest rates
rise?

（A）automobile manufacturers

（B）stock brokers

（C）airlines

（D）public utility companies

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 12

Bubba opens a new account with a broker/dealer and asks for a copy of the firm's financial statement. If
the firm has not been subject to a formal audit by an independent public accountant for quite some time,
what should it do in response to the request?

（A）refuse to provide a financial statement

（B）delay sending a statement until Bubba has had an account with the firm for at least six months

（C）give Bubba its latest available statement

（D）wait until after the next audit is completed before providing a statement to Bubba

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 13

An "accumulation unit" of a variable annuity is used to determine which of the following?

（A）the amount to be passed to the annuitant's beneficiary

（B）the amount of annuity payments to be paid to the owner

（C）the amount returned to the annuitant upon redemption of the account

（D）the value of the annuitant's contract before annuity payments begin

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 14

Upon opening a new account for a customer, a registered representative should:

（A）determine what is suitable for the customer based upon his financial background

（B）inquire about age

（C）investigate the customer's credit rating

（D）all of the above

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 15

Feasibility studies and engineering surveys are most necessary prior to which of the following new
offerings?

（A）limited tax bonds

（B）corporate debentures

（C）general obligation bonds

（D）revenue bonds

正解：D 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 16

The Securities Act of 1933 provides for:

（A）regulation of new issues of securities

（B）extension of credit in the securities industry

（C）establishment of the Securities and Exchange Commission

（D）all of the above

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

Series7 無料問題集「FINRA General Securities Representative Examination (GS)」

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