FINRA SIE Final Exam Newest complete
questions and correct verified answers
(detailed answers) already graded A+
Warrants are the only ones that do not pay dividends
Which rights do shareholders in a management company have?
I Vote for the Board of Directors
II Vote for the investment adviser of the fund
III Receive semi-annual and annual reports
IV Choose the broker who executes the portfolio transactions -
{✔✔ANSWER✔✔}-They have the following rights
(Voting for BOD, Voting for the adviser, Receive reports)
,Trust indenture of a Bond contains the following information? -
{✔✔ANSWER✔✔}-Interest Rate
Maturity
Collateral backing the issue
Call Provisions
Which of the following statements are TRUE about tax shelters about tax shelters
that invest in raw land? - {✔✔ANSWER✔✔}-Tax shelters for Raw land are
NOT Allowed
The main reason to invest in Raw land would be appreciation potential
Sell Limit Orders?
I Used to sell at prices that are lower than current market prices
II Used to sell at prices that are higher than the current market price
III Guarantees a specific price
IV Does not guarantee a specific price - {✔✔ANSWER✔✔}-II and III
, Sell above the current market price Guarantees a specific price
(These securities can only be filled at the current market price or higher - so they
do guarantee a specific price or better)
A municipality wishes to sell a bond issue that is NOT backed by taxing power.
Which of the following bonds can be issued?
I Revenue Bond
II Industrial Revenue Bond
III General obligation Bond
IV Lease rental bond - {✔✔ANSWER✔✔}-I , II, and IV
The 17.06 shares may be rounded up to 18.
XXYZ ADR (American Depository Receipt) represents 10% of the value of an XXYZ
ordinary share. The ordinary shares trade on the London Stock Exchange, where
the current price is 400 British Pounds (BP). The current exchange rate for the
British Pound against the US Dollar is $1.40. The ordinary share pays an
annualized dividend of 12 BP. The XXYZ ADR is listed on the NYSE. If a customer
places an order to buy $560,000 of the ADR on the customer will buy how many
shares of the ADR? - {✔✔ANSWER✔✔}-10,000 Shares with $560.,000
Explanation
questions and correct verified answers
(detailed answers) already graded A+
Warrants are the only ones that do not pay dividends
Which rights do shareholders in a management company have?
I Vote for the Board of Directors
II Vote for the investment adviser of the fund
III Receive semi-annual and annual reports
IV Choose the broker who executes the portfolio transactions -
{✔✔ANSWER✔✔}-They have the following rights
(Voting for BOD, Voting for the adviser, Receive reports)
,Trust indenture of a Bond contains the following information? -
{✔✔ANSWER✔✔}-Interest Rate
Maturity
Collateral backing the issue
Call Provisions
Which of the following statements are TRUE about tax shelters about tax shelters
that invest in raw land? - {✔✔ANSWER✔✔}-Tax shelters for Raw land are
NOT Allowed
The main reason to invest in Raw land would be appreciation potential
Sell Limit Orders?
I Used to sell at prices that are lower than current market prices
II Used to sell at prices that are higher than the current market price
III Guarantees a specific price
IV Does not guarantee a specific price - {✔✔ANSWER✔✔}-II and III
, Sell above the current market price Guarantees a specific price
(These securities can only be filled at the current market price or higher - so they
do guarantee a specific price or better)
A municipality wishes to sell a bond issue that is NOT backed by taxing power.
Which of the following bonds can be issued?
I Revenue Bond
II Industrial Revenue Bond
III General obligation Bond
IV Lease rental bond - {✔✔ANSWER✔✔}-I , II, and IV
The 17.06 shares may be rounded up to 18.
XXYZ ADR (American Depository Receipt) represents 10% of the value of an XXYZ
ordinary share. The ordinary shares trade on the London Stock Exchange, where
the current price is 400 British Pounds (BP). The current exchange rate for the
British Pound against the US Dollar is $1.40. The ordinary share pays an
annualized dividend of 12 BP. The XXYZ ADR is listed on the NYSE. If a customer
places an order to buy $560,000 of the ADR on the customer will buy how many
shares of the ADR? - {✔✔ANSWER✔✔}-10,000 Shares with $560.,000
Explanation
