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

income. With an income program, the well is already producing. The risk is associated with the commodity price.

a $600 loss. The strike price and Bubba’s purchase price are the same. He has a $600 loss on the option for the premium he paid.

$3,000. The purchase requires $5,000 ($10,000 x 50%). Since the existing SMA is $2,000 Bubba only needs to deposit the remaining $3,000.

the Saturday following the third Friday of the expiration month. It is NOT the third Saturday. The final day to trade options is the third Friday of the expiration month. The options expire the next da y.

regulation of new issues of securities. The first two choices are covered in the Securities and Exchange Act of 1934.

bylaws. The bylaws of a condominium association provide general details about management.

syndicate account letter. This letter is sent by the manager of a competitive bid syndicate to the other members. The priority and other procedures, including allocation amounts, are specified in the letter. Members signify acceptance by signing the letter and returning it to the manger.

8%. The sales charge in this case is $1.44. Dividing that into the offering price of $18.04 results in 8%.