SIE exam prep part 3 question and answers rated A+ fully solved

SIE exam prep part 3 question and answers rated A+ fully solvedA buy stop order @ 39 could fill at which of the following prices? 38 39 40 41 A) I & II B) I, II, III, & IV C) II & III D) III & IV - correct answer B Explanation A buy stop order becomes a market order and fills at the next available price once it touches or passes through the stop price. A shareholder owns preferred shares that allow for the possibility of receiving more than the stated dividend. This type of preferred share would be known as A) convertible. B) callable. C) participating. D) adjustable. - correct answer C (Participates in MORE) James Thomas calls and is interested in buying some GNMA certificates and wants to know when payment will be due. You should tell him A) trade date plus 1 business day. B) trade date plus 2 business days. C) trade date plus 3 business days. D) trade date. - correct answer B Explanation Regular way settlement is T + 2 for everything except treasuries, money market securities, and options. In an LP, which of the following is true? A) Any gains realized from a limited partnership are tax exempt. B) The partnership entity is not responsible for paying taxes on gains. C) Only losses but not gains flow through to the individual partners. D) The partners are not responsible for paying taxes on gains. - correct answer A