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Free Series 6 Exam Braindumps (page: 2)

Page 2 of 83
PDF with 325 Questions

An advertisement that provides performance data for which of the following mutual funds would not need to include a statement warning that the principal value of the investment will fluctuate such that the investor's shares may be worth either more or less when redeemed than what the investor originally paid for them?

  1. a U.S. government bond fund
  2. a money market fund
  3. a municipal bond fund
  4. Neither choices A nor B would need to include the stated warning.

Answer(s): B

Explanation:

Only a money market fund is exempt from including a statement warning that the principal value of the investment will fluctuate such that the investment may be worth either more or less when redeemed than what the investor originally paid for them. The principal values of both U.S. government bond funds and municipal bond funds will fluctuate, so the warning must be present in the advertisements for those types of funds.



12b-1 fees refer to:

  1. the front-end or back-end load that a mutual fund charges.
  2. the management fees of a mutual fund.
  3. fees that some mutual funds charge to pay for certain of its marketing expenses.
  4. fees that mutual funds pay the broker-dealers that execute their trades.

Answer(s): C

Explanation:

12b-1 fees are fees that some mutual funds charge to pay for certain of its marketing expenses.



Steel Dynamics (STLD) has a convertible bond issue that matures in four years. The bond has a face value of $1,000 and pays a coupon of 5.125%, with interest paid semiannually. The conversion ratio is 56.9801. If the stock of Steel Dynamics is currently priced at $15 a share, what is the conversion value of this bond, to the nearest cent?

  1. $854.70
  2. $569.80
  3. $175.50
  4. Until it matures, the conversion value of the bond is equal to its face value of $1,000

Answer(s): A

Explanation:

The conversion value of this bond $854.70. It is equal to its conversion ratio of 56.9801 times the current market price of its stock, $15. Thus, 56.9801 x $15 = $854.70.



Which of the following is not an auction market?

  1. NASDAQ
  2. NYSE
  3. CHX
  4. All of the above are auction markets

Answer(s): A

Explanation:

NASDAQ is not an auction market. NASDAQ is a computerized system of geographically dispersed securities' dealers. As such, it is a negotiated market. The NYSE (New York Stock Exchange) and the CHX (Chicago Stock Exchange) are both auction markets.



Page 2 of 83



Post your Comments and Discuss FINRA Series 6 exam with other Community members:

asl commented on September 14, 2023
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asl commented on September 14, 2023
ALL ARE RELATABLE QUESTIONS
CANADA
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azmera abebe commented on August 25, 2023
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Av dey commented on August 16, 2023
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INDIA
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