Free FINRA Series7 Exam Dumps Questions & Answers

Approval for a registered investment company to change is investment objective from income to growth is
required from which of the following?

• A.the SEC
• B.all of the above
• C.a majority of the shareholders
• D.the FINRA

Bubba owns a subordinated debenture in a company that is liquidating. When will he get paid?

• A.after the bills are paid and the bank is paid, but before the preferred shareholders
• B.after the shareholders of preferred stock
• C.before the holders of secured debt
• D.after the company pays its outstanding bills, but before paying bank loans

Which securities do not receive dividends?

• A.warrants
• B.preferred stock
• C.ADRs
• D.common stock

In comparing the premium cost of a LEAPS option with a premium of a traditional option on the same
security and same strike price, which of the following is generally true?

• A.LEAPS premiums do not consider time value
• B.the premiums will be approximately the same
• C.the premium for the traditional option will be higher than the LEAPS option premium
• D.the LEAPS premium will be higher than the traditional option premium

Which of the following would be least useful to an analyst making a technical market report?

• A.advances and declines
• B.new highs and lows
• C.predictions of recession in the economy
• D.the short interest