FINRA /
SERIES
/ //
7 /
EXAM
/ /
(2025)
/ /
(TESTING
/ /
ACTUAL
/ /
EXAM
/ /
QUESTIONS)
/ /
AND
/ /
VERIFIED
/ /
ANSWERS
/ /
(MULTIPLE
/ /
CHOICES) A+ GRADED 100% CORRECT
/ // // // //
STRIPS //may //be //attractive //to //investors //for //which //of //the //following //reasons?
A. //They //offer //semi-annual //interest //payments
B. //The //securities //are //tax-free //until //they //mature
C. //They //carry //almost //no //reinvestment //risk
D. /
/They /
,/are /
/offered /
/at /
/only //
a/
/20 /
/year /
/maturity /
/which /
/is //a //maturity //that //is //not //offered //by //traditional //Treasury //securities //- //verified //answer(s)-
✔✔C. //They //carry //almost //no //reinvestment //risk
The //Alternative //Minimum //Tax //(AMT):
A. /
/Adds /
/back /
/in //certain //"tax //preference //items" //that //are //deducted //for //purposes //of //regular //income //tax
B. /
/Is /
/designed /
/to /
/ensure /
/that /
/residents /
/of /
/states /
/with /
/high /
/taxes /
/do /
/not //pay //more //tax //as //a //percentage //of //income //than //residents //of //states //with //lower //taxes
C. //Affects //both //corporate //and //individual //income //tax
D. /
/Requires /
,/affected /
/taxpayers /
/to /
/calculate //their //income //tax //in //two //ways //and //pay //the //lower //amount //- //verified //answer(s)-
✔✔A. /
/Adds /
/back /
/in //certain //"tax //preference //items" //that //are //deducted //for //purposes //of //regular //income //tax
A //wash //sale //occurs //when:
A. //Contemporaneous //purchases //are //made //for //the //same //security
B. //
A/
/sale /
/of //
a/
/security /
/at //
a/
/capital /
/loss //occurs //fewer //than //30 //days //prior //to //the //purchase //of //the //same //or //a //similar //security
C. /
/Any /
/sale /
/of //a //security //occurs //within //30 //days //of //a //purchase //of //the //same //or //a //similar //security
D. /
/An /
/investor /
/reports /
/capital /
/gains /
/and /
/losses /
/for //securities //issued //by //the //same //company //in //the //same //tax //year //- //verified //answer(s)-
, ✔✔B. //
A/
/sale /
/of //
a/
/security /
/at //
a/
/capital /
/loss //occurs //fewer //than //30 //days //prior //to //the //purchase //of //the //same //or //a //similar //security
403(b) //plans //are //available //to //the //following //groups //of //people:
I. //Government //employees
II. //Employees //of //public //educational //institutions
III. //Employees //of //nonprofit //organizations
IV. //Self-employed //individuals
A. //II //and //III
B. //I //and //II
C. //I //and //IV
D. //III //and //IV //- //verified //answer(s)-✔✔A. //II //and //III
The //writer //of //a //put //has:
A. //The //right //to //sell
B. //The //obligation //to //buy
C. //The //obligation //to //sell
D. //The //right //to //buy //- //verified //answer(s)-✔✔B. //The //obligation //to //buy
SERIES
/ //
7 /
EXAM
/ /
(2025)
/ /
(TESTING
/ /
ACTUAL
/ /
EXAM
/ /
QUESTIONS)
/ /
AND
/ /
VERIFIED
/ /
ANSWERS
/ /
(MULTIPLE
/ /
CHOICES) A+ GRADED 100% CORRECT
/ // // // //
STRIPS //may //be //attractive //to //investors //for //which //of //the //following //reasons?
A. //They //offer //semi-annual //interest //payments
B. //The //securities //are //tax-free //until //they //mature
C. //They //carry //almost //no //reinvestment //risk
D. /
/They /
,/are /
/offered /
/at /
/only //
a/
/20 /
/year /
/maturity /
/which /
/is //a //maturity //that //is //not //offered //by //traditional //Treasury //securities //- //verified //answer(s)-
✔✔C. //They //carry //almost //no //reinvestment //risk
The //Alternative //Minimum //Tax //(AMT):
A. /
/Adds /
/back /
/in //certain //"tax //preference //items" //that //are //deducted //for //purposes //of //regular //income //tax
B. /
/Is /
/designed /
/to /
/ensure /
/that /
/residents /
/of /
/states /
/with /
/high /
/taxes /
/do /
/not //pay //more //tax //as //a //percentage //of //income //than //residents //of //states //with //lower //taxes
C. //Affects //both //corporate //and //individual //income //tax
D. /
/Requires /
,/affected /
/taxpayers /
/to /
/calculate //their //income //tax //in //two //ways //and //pay //the //lower //amount //- //verified //answer(s)-
✔✔A. /
/Adds /
/back /
/in //certain //"tax //preference //items" //that //are //deducted //for //purposes //of //regular //income //tax
A //wash //sale //occurs //when:
A. //Contemporaneous //purchases //are //made //for //the //same //security
B. //
A/
/sale /
/of //
a/
/security /
/at //
a/
/capital /
/loss //occurs //fewer //than //30 //days //prior //to //the //purchase //of //the //same //or //a //similar //security
C. /
/Any /
/sale /
/of //a //security //occurs //within //30 //days //of //a //purchase //of //the //same //or //a //similar //security
D. /
/An /
/investor /
/reports /
/capital /
/gains /
/and /
/losses /
/for //securities //issued //by //the //same //company //in //the //same //tax //year //- //verified //answer(s)-
, ✔✔B. //
A/
/sale /
/of //
a/
/security /
/at //
a/
/capital /
/loss //occurs //fewer //than //30 //days //prior //to //the //purchase //of //the //same //or //a //similar //security
403(b) //plans //are //available //to //the //following //groups //of //people:
I. //Government //employees
II. //Employees //of //public //educational //institutions
III. //Employees //of //nonprofit //organizations
IV. //Self-employed //individuals
A. //II //and //III
B. //I //and //II
C. //I //and //IV
D. //III //and //IV //- //verified //answer(s)-✔✔A. //II //and //III
The //writer //of //a //put //has:
A. //The //right //to //sell
B. //The //obligation //to //buy
C. //The //obligation //to //sell
D. //The //right //to //buy //- //verified //answer(s)-✔✔B. //The //obligation //to //buy
