SIE Exam 2023(updated)question and answers fully solved

SIE Exam 2023(updated)question and answers fully solvedWhat is cost basis? A The original purchase price plus any transaction costs B The transaction charges affiliated with the purchase of any security C The net after-tax purchase price per share of common stock D The amount of any gain or loss if a different transaction had occurred - correct answer A. The original purchase price plus any transaction costs Which of the following corporate securities carries the greatest risk to the investor? A Commercial paper B Common stock C Preferred stock D Bonds - correct answer B. Common Stock Which of the following is a characteristic of a frozen account? A The frozen status lasts for 90 days B Purchases may not be made in the account C Frozen account status covers all accounts at the firm D Only margin accounts can have a frozen status - correct answer A. The frozen status lasts for 90 days ABC insurance company has issued a variable annuity contract. The contract offers numerous investment options, including subaccounts, which hold bonds, domestic equities, and foreign securities. Which of the following risks does ABC incur when issuing this contract? A Mortality and currency risk B Mortality and expense risk C Currency and expense risk D Inflation and interest-rate risk - correct answer B Mortality and expense risk Which of the following is required to be maintained for three years? A Currency Transaction Reports B Instant messages C