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

$3,900. The requirement for short accounts is 30% of the current market value. The market value is $13,000 ($28,000 - $15,000). Multiplying by 30% equals $3,900.

$956.88. The price of 95.22 means 95 and 22 / 32. One thirty-second of a $1,000 bond with a par of 100.00 is $0.3125. Twenty-two thirty-seconds is therefore about $6.88. The 95 is the percentage of one bond with a par value of $1,000. Multiplying 95% by $1,000 equals $950. Adding $6.88 plus $950 equals $956.88.

taxes. Tax credits are not deductible expenses and have no effect on basis.

warrants. All of the others always have fixed maturity dates. Warrants often have no finite life and, if they do, it is a very long time.

net asset value and redemption price. Investors redeeming shares of mutual funds receive the net asset value.

short straddle. A straddle is a put and call on the same stock with the same strike price and expiration date.

if it does not exceed $1,000. If the net amount due is less than $1,000 no action is required under Reg T.

4%. The dividend is $1.20 per share ($6 x 20%). Divide this by the stock price to obtain the yield.