An investor owns $10,000 par value of a municipal bond with the following rates:

4.0% coupon rate

5.0% current yield

4.5% yield to maturity (YTM)

6.5% tax-equivalent yield

What amount of interest should the investor expect to receive each year?

A customer and his two brothers want to Invest $30,000 to start an equity portfolio. Two of the brothers will Invest $7,500 each, and the other brother will invest S15,000 to start the account. In the event of death, each of them agrees that the assets should be passed on to their heirs proportionately. Which of the following types of accounts should the registered representative recommend to the customers?

An associated person at a member firm receives a complaint from a customer involving allegations of forgery. Once the complaint is received, which of the following actions is required?

According to FINRA rules, under which of the following circumstances, if any, is a member firm permitted to send gifts to a registered representative of another member firm?

A customer purchases 100 shares of stock. The customer fears a decline in the share price and would like to protect his investment and minimize loss. Which of the following strategies should the customer employ to lock in his profit?

Corporate bonds unsecured by any pledge of property are called:

An investor generally purchases an open-end mutual fund from which of the following parties?

A customer wants to open an account to trade covered calls and puts. Which of the following communications must be provided to the customer prior to approving the account for trading?

Trades that settle within the period preset by regulators of the particular market are considered to have which of the following types of settlement?

An individual investor has $300,000 in cash and $400,000 in securities held with a financially troubled SIPC member firm for which liquidation has begun. The individual investor’s cash is protected for what amount?

Assume that the economy is operating at nearly full capacity. The initial results of an oversupply of money are most likely to have the greatest impact on which of the following macroeconomic factors?

Which of the following account registration types is subject to probate upon the death of the account owner?

Which of the following characteristics is true of open-end mutual fund shares?

Which of the following entitles is primarily responsible for providing Internal settlement, accounting and tax support services for securities owned by an investment company?

A registered representative constructs a portfolio of stocks that replicates the S&P 500 Index (SPX). He then regularly buys and sells SPX options to profit off changes in implied volatility. This is an example of:

Which of the following terms describes failure to honor a firm quote?

Which of the following security types is frequently offered to the public as part of a package or unit that also includes a fixed income obligation?

Under FINRA rules, If a customer sells shares In an Investment company that Includes a contingent deferred sales charge (CDSC) on redemptions, in which of the following ways must the deferred sales charge be reported to the customer?

Under FINRA rules, which of the following activities is not considered an outside business activity (OBA)?

Which of the following statements is a characteristic of a government bond fund?

Which of the following responses describes a collateralized mortgage obligation (CMO) tranche?

An investor buys 100 shares of a stock at $50.00 per share. The company declares a 10% stock dividend. What will the investor's cost basis per share be following the payment of the dividend?

Which of the following statements best describes a characteristic of 529 savings plan accounts?

A customer purchases 100 shares of stock on Thursday, August 2. This transaction must settle regular way no later than:

The primary market is regulated by the SEC under which of the following acts?

Which of the following transactions is most profitable if executed prior to a significant rise in a company's stock price?

Which of the following products is the most appropriate class of investments for a customer looking for income and capital gains?

Which of the following is not a pass-through entity for tax purposes?

At a prospecting event, a registered representative (RR) provides cards for attendees to write down their contact information if they want to have a follow-up meeting with her. Which of the following actions should the RR take in this situation to comply with telemarketing rules?

A broker-dealer (BD) is underwriting an initial public offering (IPO). According to industry rules, which of the following customers is eligible to participate in the IPO?

The civil penalty for an individual who is convicted of an insider trading violation is permitted to be an amount up to how many times the profit gained or loss avoided?

Which of the following rates is the interest rate at which banks borrow and lend to each other on an overnight basis?

A real estate investment trust (REIT) is required to invest what percentage of total assets in real-estate-related assets to maintain favorable tax treatment?

Which of the following strategies is an investor most likely to employ using options contracts?

Which of the following customers Is eligible to open an institutional account at a broker-dealer?

Company ABC stock currently trades on an exchange. An ABC insider wants to sell a large number of shares of her privately held ABC stock. ABC files the necessary paperwork to register the shares, but the insider decides to wait and sell the stock at a later date. Which of the following terms best describes the type of offering that is occurring in this situation?

Which of the following agencies publishes the list used by broker-dealers to verify that customers are not known money launderers, terrorists or others deemed ineligible to open an account at a financial institution?

An investor wants to purchase additional mutual fund shares with income distributed by the fund. Which of the following fund options permits this?

Company XYZ is a U.S.-based provider of domestic utility services. XYZ's noncallable bonds pay a coupon rate of 5% and are currently yielding 9%. Market interest rates are currently 5.5%. An investor who purchases XYZ bonds is most exposed to which of the following risks?

Which of the following statements is true of the comparison between penny stocks and blue-chip stocks?

An investor owns 100 shares of a company's stock and is very interested in electing a particular individual to the board of directors of the corporation. There are 20 individuals running to fill 10 board seats. If the corporation uses the cumulative voting method, what is the maximum number of votes the investor is permitted to cast for this particular director?

Which of the following statements best describes an American Depositary Receipt (ADR)?

A broker-dealer (BD) is required to ensure a hyperlink to BrokerCheck is Included on which of the following communications?

A hypothecation agreement gives the broker-dealer the right to engage in which of the following activities?

For a customer thinking about purchasing a high-income bond mutual fund, which of the following is considered the primary risk of the underlying securities in the portfolio?

Which of the following rates is subject to the most frequent changes?

Under which of the following circumstances, if any, is a registered representative (RR) permitted to share in the profits and losses of security interests that the RR has purchased jointly with a customer?

A market maker quotes the market on an NMS equity security as 39.05 - 39.15 [5x10]. Which of the following orders is the market maker required to fill?

A bullish Investor Is most likely to participate in the market using which of the following trading strategies?

If an investor is bullish on ABC, which of the following actions will he most likely take?

The Options Clearing Corporation (OCC) is a registered clearing agency for which of the following products?

ON NO: 37

Which of the following statements is true regarding the SEC's characterization of a registration statement that has just been made effective?

Assuming yields are held constant, which of the following statements describes what will occur as a discount bond reaches maturity?

A summary prospectus for a mutual fund must contain which of the following information?

For up to how many business days is a firm initially permitted to place a temporary hold on disbursements for a specified adult account in which the firm reasonably believes financial exploitation has occurred?

Which of the following products is redeemable at net asset value (NAV)?