1|Page
FINRA SERIES 7 EXAM NEWEST 2025/2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
Marilyn writes an ABC Aug20 put @ 4. What is the maximum
amount she could lose on this option?
A. $2,000
B. $1,600
C. Unlimited
D. $400 - ANSWER-B. $1,600
For a call option, the strike price is:
A. The market value of the underlying security at which the option
must be exercised
B. The price at which the call holder can buy the underlying
security from the call writer
C. The price at which the call writer must buy the underlying
securities from the call holder
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D. The breakeven point for the holder of the option - ANSWER-B.
The price at which the call holder can buy the underlying security
from the call writer
An interval fund is a type of investment company that is:
A. Redeemable at any time
B. Must be purchased in periodic intervals
C. Highly liquid
D. Legally classified as a closed-end fund - ANSWER-D. Legally
classified as a closed-end fund
Interval funds are a type of investment company that offers higher
yields but permits shareholders to sell their shares only at specific
time periods or "intervals." Legally classified as a closed-end
fund, interval funds share characteristics with mutual funds such
as the fact that there is no trading or secondary market for interval
funds; instead shares must be purchased and sold (redeemed)
with the fund. An investment in an interval fund is much less liquid
than shares in other types of investment companies, such as
mutual funds, closed-end funds, and ETFs.
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Which of the following would you be the least interested in looking
at to analyze a revenue bond?
A. Flow of funds
B. Net overall debt per capita
C. Protective covenants
D. Feasibility study - ANSWER-B. Net overall debt per capita
A corporate bond has a coupon rate of 2.75%. What is the
amount of a single semiannual interest payment?
A. $13.75
B. $27.50
C. $275.00
D. $137.50 - ANSWER-A. $13.75
Joanna is a registered representative who works from her
vacation home occasionally. What is the maximum number of
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business days she can work from her vacation home without it
being classified as a branch office?
A. Less than 50
B. Less than 20
C. Less than 30
D. Less than 60 - ANSWER-C. Less than 30
A trade confirmation must be sent on or before the settlement
date in all of these instances except?
A. Customer purchases shares in a dividend reinvestment plan
B. Customer purchases a when-issued municipal
C. Customer is at office when trade takes place and sees it
D. Customer sells a mutual fund - ANSWER-A. Customer
purchases shares in a dividend reinvestment plan
FINRA SERIES 7 EXAM NEWEST 2025/2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
Marilyn writes an ABC Aug20 put @ 4. What is the maximum
amount she could lose on this option?
A. $2,000
B. $1,600
C. Unlimited
D. $400 - ANSWER-B. $1,600
For a call option, the strike price is:
A. The market value of the underlying security at which the option
must be exercised
B. The price at which the call holder can buy the underlying
security from the call writer
C. The price at which the call writer must buy the underlying
securities from the call holder
,2|Page
D. The breakeven point for the holder of the option - ANSWER-B.
The price at which the call holder can buy the underlying security
from the call writer
An interval fund is a type of investment company that is:
A. Redeemable at any time
B. Must be purchased in periodic intervals
C. Highly liquid
D. Legally classified as a closed-end fund - ANSWER-D. Legally
classified as a closed-end fund
Interval funds are a type of investment company that offers higher
yields but permits shareholders to sell their shares only at specific
time periods or "intervals." Legally classified as a closed-end
fund, interval funds share characteristics with mutual funds such
as the fact that there is no trading or secondary market for interval
funds; instead shares must be purchased and sold (redeemed)
with the fund. An investment in an interval fund is much less liquid
than shares in other types of investment companies, such as
mutual funds, closed-end funds, and ETFs.
,3|Page
Which of the following would you be the least interested in looking
at to analyze a revenue bond?
A. Flow of funds
B. Net overall debt per capita
C. Protective covenants
D. Feasibility study - ANSWER-B. Net overall debt per capita
A corporate bond has a coupon rate of 2.75%. What is the
amount of a single semiannual interest payment?
A. $13.75
B. $27.50
C. $275.00
D. $137.50 - ANSWER-A. $13.75
Joanna is a registered representative who works from her
vacation home occasionally. What is the maximum number of
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business days she can work from her vacation home without it
being classified as a branch office?
A. Less than 50
B. Less than 20
C. Less than 30
D. Less than 60 - ANSWER-C. Less than 30
A trade confirmation must be sent on or before the settlement
date in all of these instances except?
A. Customer purchases shares in a dividend reinvestment plan
B. Customer purchases a when-issued municipal
C. Customer is at office when trade takes place and sees it
D. Customer sells a mutual fund - ANSWER-A. Customer
purchases shares in a dividend reinvestment plan
