Free Access FINRA.Series-7.v2023-03-10.q140 Practice Test (Page 26)

Question 121

Bubba buys an OTC stock from a firm that is a market -maker in the stock.
What may be said about the price he pays?

A.it does not include a markup

B.it includes a markup

C.it includes a commission and a markup

D.it includes a special fee

Question 122

An investor purchasing a corporate bond regular way will have to pay the contracted price plus accrued interest:

A.up to and including the trade date

B.up to but not including the trade date

C.up to but not including the settlement date

D.up to but including the settlement date

Question 123

A mutual fund characterized by a modest sales charge and an investment in a fixed portfolio of municipal securities is a:

A.face-amount certificate company

B.unit investment trust company

C.management company

D.open-end or closed-end company

Question 124

What does the bond buyer placement ratio represent?

A.the amount of municipal bonds held by banks and insurance companies as a percentage of municipal bonds outstanding

B.the amount of municipal bonds distributed weekly as a percentage of each week's new issue accounts of more than $1 million

C.the amount of municipal bonds offered in the daily Blue List as a percentage of the day's new issue amounts of more than $1 million

D.the par value amount of municipal bonds offered in the Blue List as a percentage of the 30 -day visible supply for competitive and negotiated issues

Question 125

The principal underwriter of an open-end investment company is frequently called:

A.participating investment advisor

B.sponsor

C.selling group member

D.investment counselor

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Question 121

Question 122

Question 123

Question 124

Question 125

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