FINRA SIE Practice Test questions and answers rated A+.

FINRA SIE Practice Test questions and answers rated A+. Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? - correct answers.Cash Which of the following statements is true about treasury stock? - correct answers.It is issued stock that has been subsequently reacquired by the corporation In the event of a stock split, which of the following parties is required to maintain a record of the shareholders eligible to receive the additional shares? - correct answers.Transfer Agent Which of the following actions is required of a broker-dealer's anti-money laundering (AML) program? - correct answers.Designating an AML compliance officer A registered representative (RR) wants to participate in a private securities transaction. Which of the following actions must the RR take? - correct answers.Send written notice to his supervisor outlining the activity and compensation structure A customer BUYS a 1 ABC Jan 35 PUT for a premium of $3 and simultaneously buys 100 shares of ABC stock for $35 per share. The customer will break even when the stock is selling at what price per share at expiration? - correct answers.$38 The call provision of a bond stipulates which of the following factors? - correct answers.Call date and call price When is interest on Treasury notes paid? - correct answers.Semiannually The owner of which of the following products is MOST exposed to inflationary risk? - correct answers.Treasury bonds (because it's long-term) A registered representative (RR) who wants to place a mutual fund advertisement must obtain written approval from which of the following parties? - correct answers.A registered principal of the RR's firm A company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum number of shares to be purchased. An investor wants to participate in this offer and tenders his 1,000 share position. At the close of the offer period, only 900,000 shares have been tendered. How many, if any, of the investor's shares will the company purchase? - correct answers.1,000 (1,000 x 100 = 100,000 shares; 1 million - 900k = 100k) Broker-dealer ABC seeks to underwrite a municipal securities offering by a local town in which the mayor is currently seeking re-election. A municipal finance professional who resides in the town and works for ABC contributed $200 to the mayor's re-election campaign 13 months ago. If the employee wants to support the campaign further without impacting the municipal securities business of the firm, he is permitted to make an additional contribution of up to what amount? - correct answers.$50 ($250 is the limit PER election) Which of the following stakeholders has first claim priority in a Chapter 11 proceeding? - correct answers.Secured debt holders [Order of liquidation at bankruptcy: 1. Unpaid wages 2. Taxes (IRS) 3. Secured claims (mortgages) 4. Secured liabilities (bonds) 5. Unsecured liabilities (debentures) and general creditors 6. Subordinated debt 7. Preferred Stockholders 8. Common stockholders] An investors owns 100 shares of XYZ common stock at the current market price of $50 per share. If XYZ conducts a 1-for-2 REVERSE stock split, the investor's post-split stock position will be: - correct answers.50 shares at $100 per share The primary purpose of a syndicate desk in the context of an equity offering is to: - correct an order book and allocate the stock Which of the following investments are generally traded according to their average life rather than their stated maturity dates? - correct answers.Asset-backed securities UTMA (Minor) accounts are opened under the tax ID of the: - correct