Free FINRA Series7 Exam Dumps Questions & Answers

Which of the following option positions is indicative of the same class of option?

• A.  short one XYZ June 40 call and one ABC June 20 call
• B.  short one XYZ February 60 put and one ABC February 60 put
• C.  long one XYZ July 70 put and one XYZ July 70 call
• D.  long one XYZ October 20 call and one XYZ January 30 call

To qualify as an intrastate offering under SEC Rule 147, which of the following is true of the issue?

• A.  it must be sold only to bona fide residents of one state
• B.  it must consist of common stock only
• C.  it must be approved by the SEC
• D.  it cannot exceed $1,500,000 in value

Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the
prices listed
1 00 ABC $30
2 00 XYZ $70
2 00 QBB $40
2 00 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.  $6,000
• B.  $0
• C.  $11,000
• D.  $3,000

How much money is a concession of 3/8 worth for one municipal bond?

• A.  $0.375
• B.  $3.75
• C.  $375.00
• D.  $37.50

With the Regulation T requirement at 50%, a firm wishes to impose house rules that require a minimum
equity of 40%. Which of the following is true?

• A.  this is permissible
• B.  this action must be approved by the FRB and FINRA
• C.  this cannot be implemented since maintenance requirements are only 25% of equity for long positions
• D.  this cannot be implemented because the level is below Reg T