SIE Mastery Exam 1 Questions With Accurate Answers.

SIE Mastery Exam 1 Questions With Accurate Answers. Which statement is TRUE when comparing types of management companies? - answerOpen-end funds are mutual funds while closed-end funds are publicly traded funds Which of the following is NOT part of the secondary market? - answerFifth Market The term "publicly traded fund" is the common name for a(n): - answerclosed end management company Which of the following is a redeemable security? - answerOpen-end fund American Depositary Receipts would NOT trade on which of the following exchanges? - answerTokyo Stock Exchange ABC corporation has set the record date for a cash dividend at Tuesday, July 16th. The last day to buy the stock "regular way" and receive the dividend is: - answerJuly 12th (Friday) A corporation has been in financial difficulty and its stock price has fallen to an extremely low level. To avoid delisting, it wishes to raise its stock and it wants to conserve its cash. To do this, it should declare a: - answerreverse stock split Under IRS rules, if a customer selling shares of stock wishes to use specific identification instead of FIFO for cost basis reporting, the broker-dealer effecting the trade must be notified of this no later than: - answerSettlement date All of the following terms apply to publicly traded fund shares EXCEPT: - answerredeemable Retail member firms that route orders to market makers in return for compensation: - answeris permitted to do so, subject to best execution requirements and disclosure requirements Which of the following would be a quote for an airline bond? - answer105 5/8 A company's common stock is selling in the market at a "multiple" of 15. If the market price of the common stock is currently $15, what is the earnings per share? - answer$1.00 (When a stock is selling at a "multiple" of 15, this means that the market price is 15 times the current earnings per share. Since the market price is at $15 and the P/E ratio is 15, earnings per share is $1.00.)