Series-7 Exam Dumps - Series 7 General Securities Representative Qualification Examination (GS)

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Question # 73

Bubba Corporation has a registered public offering of 500,000 shares at $36. Of these, 300,000 shares were authorized by unissued and 200,000 shares were sold on behalf of an affiliated person.

What is evident from this information?

the entire proceeds of the offering are a primary offering accruing to the corporation

300,000 shares are identified as a primary distribution

60% of the proceeds are paid to the corporation and the balance accrues to the affiliated person

both B and C

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Question # 74

Which of the information below does not appear in the official notice of sale?

the type of bond

the amount of required good faith check

the names of underwriting syndicate members

the method and place of settlement

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Question # 75

An investor purchasing a corporate bond regular way will have to pay the contracted price plus accrued interest:

up to and including the trade date

up to but not including the trade date

up to but not including the settlement date

up to but including the settlement date

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Question # 76

Which of the following municipal bonds may be grouped under the classification of â€œrevenue bondsâ€?

special tax

new housing authority

general obligation

limited tax

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Question # 77

A provision under which an underwriter can cancel a proposed public offering due to some unforeseen occurrence is known as a:

blue sky provision

contra-market clause

fill or kill provision

market-out clause

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Question # 78

In a best efforts distribution of a new non-exempt issue, a broker/dealer:

may allow a selling concession to a bank or trust company

agrees to buy the issue at a specified price

is not required to use an offering circular or prospectus

acts as an agent for the issuer

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Question # 79

Which of the following is not true about brokerage accounts?

in a community property state, a married woman must open a brokerage account with her husband

stock purchased in a custodian account may not be purchased on margin or held in bearer form

numbered accounts are permissible provided there is a record kept on file at the brokerage firm attesting to the actual ownership

if a fiduciary intends to buy stocks in a margin account the trust agreement authorizing the margin transactions must be kept on file at the brokerage firm

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