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

net tangible asset value per share. Book value is much easier to say.

purchase any IPO security provided the plan is not sponsored solely by a broker/dealer. An ERISA plan that is qualified under Section 401(a) may purchase any IPO security provided that the plan sponsor is not a broker/dealer.

$100,000. This was a considerable amount of money in 1940.

six months after the date of death. A second evaluation is made six months from the date of death. The estate may then use either value in determining estate tax.

the FINRA Board of Governors. The first appeal is to the Board of Governors, then to the SEC, and then to the federal courts.

unit investment trust company. This is an example of a fixed trust, which is a type of unit investment trust.

exchange distribution. An exchange distribution is a large block sold internally by one firm that is crossed on the floor of the exchange. The trade would print on the tape identified by the letters “DIST”.

earnings retained after payment of dividends to shareholders. The other choices are clearly incorrect. Earned surplus is also referred to as retained earnings.