Series 79 Questions

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1.  True or false: the BOD decide on Ex-dividend dates.
A.
B.
2.  How often is AML Tested?
A.
B.
C.
3.  If your trading a bond at a discount, the yield to maturity is 
A.
B.
4.  What is the waiting period for unsuccessful attempts on the series 79
A.
B.
C.
5.  When Capping, you
A.
B.
6.  What best Describes Regulation T
A.
B.
C.
7.  An options contract that gives the holder the right to sell a certain quantity at a specific price up to a certain date is known as a 
A.
B.
C.
D.
8.  When referring to GNMA, FNMA, FHLMC, what is true about interest payments
A.
B.
C.
9.  What is the close out of an opening purchase
A.
B.
10.  From the List, which is an example of Long Term Liabilities on a Balance Sheet?
A.
B.
C.
D.
E.
11.  What are the penalties for an individual who commits a criminal crime and who regulates it?
A.
B.
C.
D.
12.  If you notice a foreign country such as syria or north korea attempting to do business, what action must be taken.
A.
B.
C.
D.
13.  If you suspect a foreign client of having $5k or more in undeclared money, what is required?
A.
B.
C.
D.
E.
14.  Which tranche is the last to receive payments?
A.
B.
C.
15.  An investor may receive additional dividends based on company profits, this is an example of what type of stock?
A.
B.
C.
D.
16.  When a dividend is ______, the following occurs:1)retained earnings are reduced2)current liabilities are increased3)working capital is decreased4)current ratio is decreased
A.
B.
17.  When investing in other companies, the cost method is used if ownership interest is less than
A.
B.
C.
D.
E.
18.  How often does one take the regulatory element?
A.
B.
C.
D.
19.  How long does a special inactive last for after discharge?
A.
B.
C.
D.
20.  If Disqualified from registration, you can file ______ for a hearing
A.
B.
C.
D.
21.  Time Period for Annual proxy meeting by electronic notice
A.
B.
C.
D.
22.  Which US security(s) can be stripped? (coupon payments and principles sold separately as zero coupon securities, each discounted)
A.
B.
C.
D.
E.
23.  Monetary theory, which uses its monetary policy, utilizes ______ to accomplish its goals
A.
B.
24.  True or False. John bought made a TO with Google, He is allowed to continue trading Google's stock.
A.
B.
25.  John makes a tender offer one april 5th, on April 6th the TO was amended, how long must the offer be kept open for in total? 
A.
B.
C.
D.
26.  Peter knows company A needs to buy 100 units of a product.petere tells the company to buy 200 units and bring back whatever is left over for a return after a certain date so that it makes his numbers look good. What is this an example of?P.S. this is faud
A.
B.
C.
D.
27.  RFQ corporation reported net income of $30mm which included a one-time, pretax gain of $20mm from the sale of assets. The company's tax rate is 40%. Assuming no substantial changes in the company's operations for the next period, what is your forecast for the next periods income?
A.
B.
C.
D.
28.  Notification to the SEC of changes in position are filed in what form and when?
A.
B.
C.
D.
29.  When filing a schedule 13d-9, who must you file it with
A.
B.
C.
D.
E.
30.  Who files a WSP and how often?
A.
B.
C.
D.
31.  Company J had Sales (revenue) of 250, Gross Profit of 110, Operating Profit of 46, and net income of 26 (all in millions), what is the profit margins (percentage) of Operating Profit
A.
B.
C.
32.  An example of a fixed income investment is
A.
B.
C.
33.  What is the close out of an opening sale
A.
B.
34.  True or False, an officer, director or owner of more than 10% of voting securities is considered an insider.
A.
B.
35.  According to positive convexity, as durations lengthen when
A.
B.
36.  RYX Waste Developement has increased its ownership of JV Recyclers from 49% to 51%. What changes would be expected on the RYX balance sheet?
A.
B.
C.
D.
37.  ______________ are foreign securities held in a us bank located in a foreign country. Typically provide common shares that pay dividends in us currency and can be either sponsored or not sponsored. 
A.
B.
38.  Which stock option requires a transaction fee
A.
B.
39.  Which bonds are issued outside the us, pay in US currency, exempt from SEC and may trade in secondary market after 40 days?
A.
B.
C.
40.  True or false, Aggressive accounting use discount rates in calculating pension fund liabilities.
A.
B.
41.  When a dividend is ________, the following occurs:1)current assets are reduced2)current liabilities are reduced3)working capital remains the same4)current ratio is increased (if greater than 1.0)
A.
B.
42.  Jakey has 1,000 shares in google. Google decides that this year everyone will have statutory voting rights. They are voting for 5 directors. How many votes does Jakey have?
A.
B.
C.
D.
E.
43.  A preliminary proxy statement must be filed how long before a definitive proxy?
A.
B.
C.
D.
44.  Which best describes Reserve Requirement?
A.
B.
C.
45.  True or False: if you work for the DPP you are considered a Registered Rep
A.
B.
46.  If AMR is offering a put valued at $35 and the market price is $35 it is
A.
B.
C.
47.  In November 2009, RST Corp. paid the principal on a maturing debenture from its retained earnings. how will this action be recorded on the 2009 cash flow. 
A.
B.
C.
D.
48.  A contract that states "if the issuer defaults on one of their bonds, other than mine, they will automatically default on mine" is an example of:
A.
B.
C.
49.  How often are 10Qs Filed a year?
A.
B.
C.
D.
50.  Which bond is a foreign bond that is issued in the united states, pays interest & principle in us dollars, registered with the SEC and may trade immediately.
A.
B.
C.
51.  The registration form used for IPO over 75 mm public float is:
A.
B.
C.
D.
E.
52.  An options contract has intrinsic value if its
A.
B.
C.
53.  After material information changes, what time frame is given to file an 8-k
A.
B.
C.
D.
54.  A company may have a one-time or nonrecurring event in which earnings are affected: -sale of an asset or business-severance cost-change in the method of accounting used-litigationwhat is the effect of these events on the companies financials? (Balance Sheet)
A.
B.
C.
55.  Which is the correct order of the dividend dates?
A.
B.
C.
56.  If John makes a tender offer which causes him to own 5% of the share what must the issuer file?
A.
B.
C.
D.
57.  Dividends are determined by
A.
B.
C.
D.
58.  Stock appreciation rights (SARs) are issued by who and benefit who by providing the right to receive the difference between market value and fixed price
A.
B.
C.
59.  The following are all derivatives except
A.
B.
C.
D.
E.
60.  After a u-5 how long does one have before they re-qualify?
A.
B.
C.
D.
E.
61.  If a man is looking to purchase a 5% of Google but doesn't intend on controlling or influencing the stock, what must he file?
A.
B.
C.
D.
62.  If an ADR is sponsored, who pays for it?
A.
B.
C.
63.  Rob owns a convertible bond issued by tulip.com with a conversion price of $40. Tulip.com's stock is currently selling for $50 per share. Tulip calls in the bonds at 105 ($1050). What should he do?
A.
B.
64.  Under CIP, you must check the name of a foreign client against which list
A.
B.
C.
D.
65.  If your trading a bond at a premium, the yield to maturity is
A.
B.
66.  When making a TO, how long does the subject company have to notify and advise shareholders?
A.
B.
C.
D.
67.  Which US Treasuries have the characteristics described below1)interest is stated annually, paid semi-annually2)Accrued interest 365 days
A.
B.
C.
D.
E.
68.  Average Workweek, Initial Claims for unemployment, New orders for consumer goods and materials, money supply (m2), index of consumer expectations and interest rate spread are all examples of
A.
B.
C.
69.  Typically, a higher yield bond costs
A.
B.
70.  Who are options created by?
A.
B.
71.  If XYZ is offering an option to call at $110 and the market price is $109 it is
A.
B.
C.
72.  On april 6th 2010 google announces its going to begin trading its stock with dividends, this is known as:
A.
B.
C.
D.
73.  If GM on june is offering an option price of $35 to call at 3 and the market price is $36, it is
A.
B.
C.
74.  What are the penalties for a corporation who commits a criminal crime and who regulates it?
A.
B.
C.
D.
75.  A CMO (Collateralized Mortgage Obligations) is a mortgage backed bond created by dividing mortgage pools into various bond classes (tranches), they are rated AAA and issue $1,000 denominations, interest is paid monthly, principle paid sequentially, and helps to manage pre-payment risk. All of the following are divided into Tranches except:
A.
B.
C.
D.
76.  True or false, a man owns 6% share in google and his wife owns 4% share in google, They are insiders
A.
B.
77.  The par value of a bond is $1,000. The interest of a bond pays 1 point. how much interest is received?
A.
B.
C.
D.
78.  A client buys an IPO, they get a prospectus and a confirmation in the mail. Which document does the investment bank keep and how long are they required to keep it?
A.
B.
C.
D.
79.  Trading securities outside the regular scope of employement is regulated by Finra, as well as the approval of a member. Another word for this is:
A.
B.
C.
D.
80.  The issuer has the ability to repurchase a stock, typically at a premium, what type of stock is this an example of?
A.
B.
C.
D.
81.  Google has an indenture under the trust indenture act of 1939, what else is true?
A.
B.
82.  On a balance Sheet, cash, Marketable securities, Accounts Receivable, and inventory are all an example of
A.
B.
C.
D.
E.
83.  True or False: Operating lease shows up on your balance sheet
A.
B.
84.  Long term investments offered at a premium
A.
B.
85.  Jakey has 1,000 shares in google. Google decides that this year everyone will have cumulative voting rights. They are voting for 5 directors. How many votes does Jakey have?
A.
B.
C.
D.
E.
86.  On a balance Sheet, which is an example of intangibles?
A.
B.
C.
D.
87.  A company wants to buy back stocks, what section must he abide by? 
A.
B.
C.
D.
88.  True or false, balance sheet indicates a Minority Interest in net earnings of the consolidated companies(minority interest AKA non controlling interest AKA NCI)
A.
B.
89.  If Long the Stock, the investor is
A.
B.
90.  What is the CURRENT YIELD, if the Nominal Yield is 8% and the bond price is $1,000
A.
B.
C.
D.
E.
91.  A Stronger Foreign Currency will have
A.
B.
92.  Which best describes the Securities exchange act of 1934?
A.
B.
C.
D.
93.  Which US Treasury has the characteristics of 1)discount security2)trades w.o accrued interest
A.
B.
C.
D.
E.
94.  What is the statue of limitations for arbitration?
A.
B.
C.
D.
95.  Keynesian theory, has a fiscal policy that utilizes _________ to accomplish its goals?
A.
B.
96.  Assume an issuer calls in a bond, where does he get money to repay his investors?
A.
B.
C.
D.
97.  Who is responsible for the implementation of Keynesian Theory?
A.
B.
98.  You are a RR, your father in law asks you for money, he is your client. Are you violating any laws?
A.
B.
99.  When acheiving insider status, what form must be file and how long
A.
B.
C.
D.
100.  A change in statements, projections on revenue or expenses or a change to historical documents are called: 
A.
B.
101.  If one wanted to use a form to find out everything they needed to know about a merger, what form would they use?
A.
B.
C.
D.
102.  If John makes a tender offer which causes him to own 6% of the share what must he file
A.
B.
C.
103.  According to positive convexity, as yields decline
A.
B.
104.  True or False An issuer cannot redeem its bonds for a certain amount of time because bondholders are backed by "Call Protection".
A.
B.
105.  Which Security(s) are sold at a periodic auction
A.
B.
C.
D.
E.
106.  If material non public information is disclosed improperly, it must be disseminated to the public under what rule and what time limit?
A.
B.
107.  Short term investments offered to shareholders at a discount
A.
B.
108.  ___________allows bondholders to redeem the bond back to the issuer on a date prior to stated maturity. 
A.
B.
109.  Which CMO Tranche provides the most predictable cash flow and maturity?
A.
B.
C.
110.  To decrease money supply and tighten credit, the Federal Open Market Committee (FOMC) must:
A.
B.
111.  An investor is looking for information on an unsponsored company such as Nintendo, where can he look? 
A.
B.
C.
D.
E.
112.  Companies exceeding $10mm and more than 500 shareholders must register and file
A.
B.
C.
D.
113.  After receiving notice, how long do you have to complete your regulatory element?
A.
B.
C.
114.  How are T-bills quoted?
A.
B.
115.  Which Security(s) are sold at a weekly auction
A.
B.
C.
D.
E.
116.  A u-5 must be submitted within
A.
B.
C.
117.  When investing in other companies, the equity method is used if ownership interest is ___________of the company
A.
B.
C.
118.  On a balance sheet, Land, Buildings, and Equipment are all an example of 
A.
B.
C.
D.
119.  If a bond was previously rated AA and dropped two notches, what is the bonds new rating?
A.
B.
C.
D.
120.  Can a GDR be offered in the united states
A.
B.
C.
121.  Which of the following corporate actions would be considered dilutive to shareholders?1)stock split2)stock dividend3)a company issuing additional stock4)A conversion of convertible stockTheres an explanation to this one.
A.
B.
C.
D.
122.  When using (LIFO) for inventory, the last costs are matched with first units sold. The inventories reflect the cost of prior period purchases. what is true about using LIFO
A.
B.
123.  US Treasuries are exempt from
A.
B.
C.
D.
E.
124.  The amount over par that an issuer must pay an investor for redeeming the security early is called,
A.
B.
C.
D.
125.  Who is responsible for the implementation of Monetary Theory?
A.
B.
126.  An adjustment of conversion prices and ratios has been issued. the original price is $100 what is the conversion price and conversion ratio after the 2:1 split?
A.
B.
C.
127.  Which Tranche provides the least predictable cash flow and maturity?
A.
B.
C.
128.  Which type of shares provides shareholders with the ability to maintain a precentage of ownership and the short term right to buy below market value?
A.
B.
C.
D.
129.  Hotnews.com has issued convertible bonds with a conversion price of $50 a share. if the common stock is selling at $60 a share, what price does the bond need to be selling at in order for it to be at parity with common stock?
A.
B.
C.
D.
130.  Tulips.com issues a convertible bond with a conversion price of $25 per share. If the current market price of the bond is 120 ($1,200), what would the stock have to be selling at to be at parity with the bond.
A.
B.
C.
D.
E.
131.  If walker shoes (WS) buys 25% of Absolute Runner (AR) for $30 million, how would WS account for $10 million of net income by AR?
A.
B.
132.  Average duration of employment, prime rate, CPI for services, labor cost per unit, commercial and industrial loans are all an example of
A.
B.
C.
133.  When using FIFO for inventory, (First in, First out) the first are costs matched with first units sold, inventories reflect the cost of the most recent purchase. What is true about FIFO
A.
B.
134.  Goodwill and other intangible assets are only compared when the fair value is under the book value. For instance the fair value is 120 and the book value is 145, what is the impairment charge?
A.
B.
C.
D.
135.  Operating LeverageCompany A has $300,000 fixed costs, $340,000 in variable costsCompany B has $340,000 fixed costs, $300,000 in variable costsCompany A has significantly higher capacity utilization than company B however both companies have excess capacity.if each of the companies increase unit sales by 10%, which company has faster margin growth? explanation is given here
A.
B.
C.
D.
136.  Once the SEC approves the preliminary proxy, the company can than send the definitive proxy to the shareholders and the SEC this is known as the
A.
B.
C.
137.  If short the stock, 
A.
B.
138.  Time Period for Annual Proxy Meeting by mail is 
A.
B.
C.
D.
139.  What form would you use for the Registration of an IPO
A.
B.
C.
D.
140.  A company is headquartered in the US has all of its products produced in Korea. Sales of the company are split between the US (40%) and Korea (60%).What would be the effect on the company's Operating profit margin and revenue if the US dollar declines by 10% against the Korean won?
A.
B.
C.
D.
141.  An issuer is looking to raise $100mm and issues 10 bonds with different coupons that mature at different times. This is an example of what type of bond?
A.
B.
C.
D.
142.  When Pegging, you
A.
B.
143.  True or False: A weak dollar will increase import prices and lower export prices.
A.
B.
144.  Google is going to purchase its own securities back, in the process its going to either cause the company to be delisted or no longer be a reporting company, what must they file?
A.
B.
C.
D.
145.  A corporation has issued debentures convertible at $50. The stock pays a 10% stock dividend. According to the non-dilutive feature of the bond indenture, the new conversion price would be,
A.
B.
C.
D.
146.  Which contract is the most liquid?
A.
B.
147.  The calculation for market Capitalization (outstanding shares x market value per share) can be used to calculate Market Capitalization (Large Cap vs Nano cap) except when trying to calculate:
A.
B.
C.
D.
148.  Client XYZ wants to share his losses and profits with you, is it possible?
A.
B.
C.
149.  How long does the terminating company have to submit a u-5?
A.
B.
C.
D.
150.  If GM is offering a put valued at $60 and the market price is $54 it is
A.
B.
C.
151.  A US company manufactures goods in Germany and sells them throughout Europe. A decline in the US dollar against the euro would have what effect on the company's Revenue and operating profit margin?
A.
B.
C.
D.
152.  When quoting a yield, how much does 1% represent?
A.
B.
C.
153.  An OSJ, must be supervised by an
A.
B.
C.
D.
154.  When investing in other companies, Consolidation is used when ownership interest is more than
A.
B.
C.
155.  Where would Retained Earnings and common/preferred stock go on a balance sheet?
A.
B.
C.
D.
156.  T-notes have a duration of 
A.
B.
C.
157.  Which best describes front running?
A.
B.
C.
D.
158.  True or False: A strong dollar will lower import prices and increase export prices.
A.
B.
159.  ________ allows the issuer to redeem the bonds prior to maturity.
A.
B.
160.  To increase money supply and ease credit, the Federal Open Market Committee (FOMC) must:
A.
B.
161.  True or False:when referring to stock splits and dividends1) Retained earnings is debited for the market value of shares2)Common stock is credited for the par value of the shares3)Paid-in capital is credited for the differenceHint: Memorize this Crap!
A.
B.
162.  Xyz corp has a bond with a market price of $1,000 and is convertible at $20 per share. how many common shares can you convert to?
A.
B.
C.
D.
163.  When referring to TIPS, ( treasury inflation protected securities) (principle adjusted based on CPI). assume we had a principle of $1,000, a coupon of 4% and a payment of $40.00. what will be the payment if CPI increases by 1%?
A.
B.
164.  Institutional investment managers file what form quarterly?
A.
B.
C.
165.  T-bonds have a duration of
A.
B.
C.
166.  A Security that allows the holder to buy shares of common stock at a preset price, typically at a premium is known as a 
A.
B.
C.
D.
167.  An issuer is looking to raise $100mm, he issues bonds featuring coupons that all mature on one date. What kind of bond is this an example of?
A.
B.
C.
D.
168.  True or False: The Patriot act backs CIP? 
A.
B.
169.  What are the penalties for an individual who commits a civil crime? Who regulates this?
A.
B.
C.
D.
170.  Which Mortgage is Fully Backed by the US Government
A.
B.
C.
D.
E.
171.  Company J had Sales (revenue) of 250, Gross Profit of 110, Operating Profit of 46, and net income of 26 (all in millions), what is the profit margins (percentage) of gross profit
A.
B.
C.
172.  Anyone who acquired 5% or more of equity must file
A.
B.
C.
D.
173.  Which best describes Discount Rate
A.
B.
C.
174.  Which best describes OSJ?
A.
B.
C.
D.
175.  Industrial Production, Manufacturing and trade sales, personal income less transfer payments, employees on nonagricultural payrolls are all an example of
A.
B.
C.
176.  True or false: the statement of Cash Flows (AKA statement of Sources AKA uses of Funds) reconciles changes in a company's cash position from one year to the next and is required in annual reports
A.
B.
177.  How long do you have for the transgression of a felony or misdemeanor?
A.
B.
C.
D.
178.  If a firm uses accelerated depreciation for tax reporting and straight line for GAAP reporting to shareholders, what is the effect on earnings during the early years?1)Creates lower earnings reported for tax purposes2)creates high earnings reported for tax purposes3)Increases deferred tax liability 4)Decreases deferred tax liability
A.
B.
C.
D.
179.  When a company first issues a Tender Offer than files for a short form Merger, its called
A.
B.
C.
D.
180.  Ms. jones owns a 5% bond, how much does she receive annually?
A.
B.
C.
D.
181.  T-bills have a duration of
A.
B.
C.
182.  How often are customer complaints files and with who?
A.
B.
C.
D.
183.  Who needs a series 7 as well as a series 79?
184.  If an ADR is non-sponsored who is responsible for payment?
A.
B.
C.
185.  True or False: balance sheet and income statements are combined when using consolidation method
A.
B.
C.
186.  Annual filings covering transactions such as gifts are filed under which form?
A.
B.
C.
D.
187.  True or false: If you work in public finance, you are considered a RR
A.
B.
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