Free FINRA Series-7 Exam Dumps Questions & Answers

Which of the following sources provides news of prospective municipal securities sales to underwriters?

• A.  the daily Bond Buyer
• B.  The Wall Street Journal
• C.  the SEC News Digest
• D.  the Blue List

Bubba purchases 100 shares of XYZ at 78 and, on the same day, writes 1 XYZ October 80 call for a premium of 4. If the option expires unexercised, what is Bubba's profit on the 100 shares of stock?

• A.  $600
• B.  $400
• C.  cannot be determined
• D.  $200

Bubba has several accounts at a brokerage firm. Which of the following is not covered by SIPC?

• A.  joint account of Bubba and his wife
• B.  joint account of Bubba and his son, Bubba, Jr.
• C.  commodities account in Bubba's name only
• D.  individual account in Bubba's name only

Bubba owns 100 shares of XYZ at $58. He needs to limit his loss to 5 points or less and will accept a longer time for the order to be executed, to make sure the loss does not exceed 5 points.
Which of the following orders would be the best recommendation?

• A.  sell limit order
• B.  sell stop-limit order
• C.  sell stop order
• D.  buy stop order

Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
What is the buying power in Bubba's account?

• A.  $11,000
• B.  $3,000
• C.  $0
• D.  $6,000