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Question 1 1. The rules of the SEC apply to _____________.
Question 2 2. If John invests $5,000 in an account, draws out $200 in income and has an ending account value of $5,200, what was his holding-period yield?
Question 3 3. Stacy purchased a stock for $60 in February 2019 and sells it for $69 in July 2019. The stock paid a $3 dividend the following August. She will be taxed _____
Question 4 4. What is the Financial Industry Regulatory Authority?
Question 5 5. The 529 Prepaid Tuition Plan can only be used for
Question 6 6. Under Rule G-27 of the MSRB, a broker or dealer must perform a _____ at least annually.
Question 7 7. In a public offering, the lead underwriter forms an underwriting syndicate to _____.
Question 8 8. The management team of ABC Widgets is concerned that the share price of the company has climbed too high. This may make it difficult for smaller investors to purchase shares of the company. ABC Widgets is therefore considering a 3 for 1 stock split. If the current share price for ABC Widgets is $120 a share, and there are 1 million shares of stock, what adjustments will the split result in?
Question 9 9. Rule 10b-5 was enacted in 1951 and listed acts/practices that were prohibited from being used by _____.
Question 10 10. A direct participation program (DPP) pools investor money to _____.
Question 11 11. Warrants attached to stock are 'sweeteners' that allow:
Question 12 12. Advantages of real estate investment trusts (REITs) include _____
Question 13 13. Which graphical input is unnecessary for portfolios that make up a client's Efficient Frontier?
Question 14 14. Steven is 17 years old, and his birthday is in less than 3 months. His grandfathered suggests that he open a brokerage account, so he can gain investing experience. When completing the new account form Steven's grandfather lists only Steven's information, since he will be turning 18 soon. He does not want ownership of the account. Will the new account be opened?
Question 15 15. Both variable life insurance policies and annuities offer _____ options that may yield a greater return, but only _____ are classified as retirement accounts.
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