EXAM 3 Missed Q’s Flashcards
An option contract for RFQ is for 108 shares. This is most likely a result of which of the following circumstances?
There has been a stock dividend
When purchasing a new issue of stock in a cash account, when must payment be made under Ref T?
Two business days after the settlement date
During annuitization, a variable annuity owner will receive payments that are based on a:
Fixed number of annuity units
A CDSC is associated with which shares class?
Class B shares
Issuers repurchase their shares to:
Increase their EPS
According to FINRA, the maximum sales charge on a variable annuity contract is:
An amount that is fair and reasonable
Money put aside on a municipal revenue issue for the betterment and improvement of the facility is placed in the:
Renewal and replacement fund
A municipalities debt limit is the maximum amount of:
Dent that municipality may incur
The largest portion of the underwriting spread in a new municipal securities issue is the:
Total takedown
An equity security that is distributed under the provisions of Regulation S may be resold in US Markets:
After a one year waiting period is satisfied
The minimum equity for a pattern day trader is:
$25,000 which must be deposited before the client may continue day trading
In order to be eligible for portfolio margin, a client must:
Be approved for uncovered writing
What investment has super voting rights?
Classified common stock
Cash dividends from which security will be taxes as ordinary income?
A REIT
