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

Regulation T. Because this regulates brokers extending credit to customers, it is important to the securities industry but does not have an extensive effect on the general economy.

convertible preferred. Because of the conversion feature, convertibles are more closely linked to the price of the common stock. In addition, since the dividend rate on convertible preferred is usually lower than other preferred issues, the convertibles are more sensitive to interest rate fluctuations.

all of the above. All of the choices are required information for the registered representative to obtain.

selling the security he already owns. A “covered” call is written on stock already owned.

not do so under any circumstance. New issues may not be distributed to Bubba or members of his immediate family.

$53. The breakeven price on the call is the premium plus the strike price. Since the premium is $3 per share, the breakeven price is $53.

there is a 14-day owner usage provision. This provision is unrelated to qualification as a security.

ascertains that extensions had been obtained under Reg T. If valid reasons exist, extension of time for payment may be obtained.