Which of the following has the greatest risk?
Answer(s): A
a guaranteed corporate bond. All of the other securities are obligations of the US government, which is considered to have minimal or no risk.
Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2. How were these prices established?
Answer(s): C
by competitive biding. The quoted prices for treasury bonds-as with all negotiable securities-is determined in the market by competitive biding.
Which of the following are direct obligations of the US government?
Answer(s): B
Series EE bonds. Import-Export bank bonds and Farm Credit System bonds are not direct obligations of the United States.
A financial institution requesting a quote on a block of 100 bonds from a dealer in government securities receives a quote of 98.02 bid, 98.06 asked.What is the dollar amount the institution will receive if the financial institution sells these bonds to the dealer?’’
$98,062.50. The financial institution receives the bid price, which is 98 and 2 / 32. Two thirty- seconds is $0.625. The 98 is the percentage of a $1,000 bond. Multiplying 98% by $1,000 results in $980. Add $0.625 to $980 to arrive at $980.625 per bond. But …there are 100 bonds. So, multiplying $980.625 by 100 equals $98,062.50.
Bubba plans to borrow some money and pledge securities as collateral. Which of the following can he not use as collateral?
Series EE bonds. Because Series EE bonds are not negotiable, they have no collateral value. They cannot be sold back to the US government.
Post your Comments and Discuss FINRA SERIES 7 exam dumps with other Community members:
aparna Commented on December 27, 2024 yes can please upload the exam? Anonymous
Karan Patel Commented on August 15, 2023 Yes, Can you please upload the exam? UNITED STATES
Karan Patel Commented on August 15, 2023 yes, can you please upload the exam? UNITED STATES
Victor Lin Commented on November 13, 2016 Will take the exam shortly and will update the result here again. Hope this paper can help. AUSTRALIA
Vivek Commented on July 18, 2016 Using it for the first time....will share post once done. Thanks for providing the same. UNITED STATES
Arihant Commented on January 20, 2016 Will Give exam in next 2 weeks. Very happy to purchase from Braindumps. Thanks you very much. UNITED STATES
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the SERIES 7 content, but please register or login to continue.