SIE Exam: Securities Industry Essentials Exam Lessons and Information

SIE Exam Lesson 14 Options pt 4

This is a SIE Exam Lesson 14 Options pt 4  options pt.1which is covering straddle options See how you do if you need help listen to the lesson over.

Questions covered include

1. It is a strategy of buying a put and a call with the same expiration date and the same strike price on the same company.

2. The last trading day of options is ___.

3. Options expire on ___.

4. It is a type of straddle wherein you sell the straddle.

5. The cost of a straddle is equal to ___.

6. The risk in a long straddle is ___.

7. The profit in a short straddle is ___.

8. The breakeven for a short straddle is the same as the breakeven for a long straddle.

9. In long straddles, the breakeven on the upside is where ___.

A. the new stock price rises above the initial stock price plus the premium of the call option

10. In long straddles, the breakeven on the downside is where ___.

11. In a long straddle, you make profit as long as the stock moved outside the breakeven on the upside and the breakeven on the downside.

12. In a short straddle, you lose money when the stock stays within the breakeven on the upside and the breakeven on the downside.

13. If you’re looking at buying a straddle, you’re looking for volatility; if you’re looking to sell a short straddle, you’re looking for stability.

14. In theory, a stock with a high beta should have lower option prices than a stock with a low beta.

15. A stock’s price is $35. The strike price is $30, the call premium is $5.50, and the put premium is $1. What is the breakeven on the upside?

16. A stock’s price is $80. The strike price is $78, the call premium is $5, and the put premium is $3. What is the breakeven on the downside?

17. A stock has a price of $65. The beta is 0.89. The strike price is $63. The call premium is $3 and the put premium is $2. Assuming the stock move with its beta, the market must go up

to ___ to breakeven on this option.

18. A stock has a price of $15. The beta is 1.7. The strike price is $14. The call premium is $2 and the put premium is $1.50. Assuming the stock moves with its beta, the market must go down to ___ to breakeven on this option.

19. You bought a long straddle. The stock price is $55 while the strike price is $53. The call premium is $4.75 while the put premium is $2. If the stock went up to $58, which of the following is true?

20. You sold a short straddle. The stock price is $16 while the strike price is $15. The call premium is $1.60 while the put premium is $1.50. If the stock went down to $10, what will be your gain/loss?

A. You would gain $3.10 from collecting the premium. The option would not be exercised because it is out of the money.

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

https://youtu.be/5mnz7Ehm6dM

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 13 Options pt 3

This is a SIE Exam Lesson 13 Options pt 3  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

Quiz Options Part 3

1. It refers to the number of options that are currently trading in the market.

2. The following increases open interest EXCEPT:

3. If you bought an option and you want to sell it, the market price of the option would be ___.

4. Which of the following factors least affect the premium of an option?

C. option time period

5. If you want to short a stock and interest rates are high, you have to pay higher margin interest rates.

6. Utility stocks used to be referred to as ___.

7. Why do utility stocks often have low premium options?

8. It is the measure of a stock’s volatility in relation to the market.

9. Which of the following is NOT true about beta?

10. If you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do.

SIE Exam Lesson 13 Options pt 3 cont:

11. Compared to call premiums, put premiums are lower on a high dividend stock.

12. Which of the following would yield a low option premium?

13. If you think the stock would go up, which is the best option strategy to take?

C. Write a covered call.

14. Why is it wise to write a covered call when the stock would go down?

15. If you long a call, that gives you the right to buy the stock at a specific strike price.

16. If you short a put, you are obligated to deliver the stock if it is called away from you.

17. A stock is selling at $50. A call option on that stock has a strike price of $70. The premium is $5. What is the breakeven for this option?

18. You wrote a covered call for a stock. The stock price is $30. The stock’s premium is $10 and the strike price is $25. If the stock goes down to $20, which is unlikely to happen?

A. The option holder would exercise his option.

19. You wrote a covered call with a premium of $20 for a stock trading at $100. The strike price was $100. If the stock went up to $150, which is true?

20. You wrote a put with a premium of $5 on a stock selling at $40. The strike price was $40. If the stock went down to $30, what would happen?

ANSWERS

A beta lower than one means a stock moves less than the market in general.

In put options, if you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do. Thus, put premiums are higher on a high dividend stock because of the carrying costs (of paying dividend) on shorting the stock compared to call premiums which do not have this carrying cost.

The higher the dividend stock, the less volatility the stock has underlined, and therefore, less premium it has.

When the stock goes up and you bought a long call option, you can buy that stock at the amount of the strike price (indicated at the call option) which has become lower than the current price of the stock. You save money by buying a stock at the lower strike price than its current price.

If you short a put (sell a put option), you are obligated to buy the stock from the option holder if that option is exercised. Delivering a stock if it is called away from you is an obligation of a person who short a call.

For a call option:

Breakeven = Strike Price + Premium

75 = 70 + 5

Thus, the breakeven for this option is $75.

The option holder would UNLIKELY exercise his option because the stock would be out of the money and the option would be worthless.

If you wrote a covered call wherein you have the obligation to sell the stock to the option holder at the $100 strike price and the stock goes up to $150, you could buy back the option at the market before it expires so that your stock won’t be called away from you. The other choices are not applicable with the situation.

By writing the put option, you are taking upon yourself the responsibility to buy the stock at the strike price if the stock drops below the exercise price and the option is exercised. Therefore in this case, you would be forced to buy the stock at $40 per share ($30 – $40 = -$10). You received a $5 premium and therefore you would have a loss of $5 per share at the time the option is exercised (-$10 + $5 = -$5).

 We hope you did well on this SIE Exam Lesson 13 Options pt 2

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 12 Options pt 2

This is a SIE Exam Lesson 12 Options pt 2  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

Quiz Options Part 2

Below are questions based on the previous lesson. Choose the letter of the correct answer.

1. It is the cost of an option.

2. The premium contains the option’s ___.

3. This refers to the number of options that are open for trading in the market.

4. This refers to the number of options that were sold or traded for the given day.

C. open interest

5. It refers to the amount of uncertainty or risk about the size of changes in a security’s value.

6. Parity is when the strike price and the stock are selling at exactly the same price.

7. An option is created by writing covered calls.

8. Writing a covered call ___.

9. If a person wrote an option (such as a covered call) and is now buying back the option, he is opening a position.

10. Person A writes a covered call option and Person B buys that option. Which of the following is true?

SIE Exam Lesson 12 Options pt 2 Cont:

11. This is used in determining the theoretical value of an option.

12. It serves as an insurance to your investment portfolio.

13. An option without intrinsic value always has no time value.

14. A naked put is written by a person who owns the stock.

15. A call option is offered on a stock. If the current price of the stock is $20 and the strike price is $15, what is the intrinsic value of the option?

16. A call option is offered on a stock. If the current price of the stock is $12 and the strike price is $10, what is the premium of the option?

17. A call option is offered on a stock. The current price of the stock is $20 and the strike price is $15. The call option’s premium is $8. What is the time value of the option?

18. An option is selling at $6 per share and the option is for 10 shares. If you bought the option for a bid price of $5.50 per share, how much will you pay for the option for 10 shares?

19. If the stock is currently selling at $30 a share and you write a covered call for $40 a share, there is ___.

20. You bought a married put with a strike price of $15. If the current price of the stock is $20, what is the intrinsic value of the option?

We hope you did well on this SIE Exam Lesson 12 Options pt 2

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 11 Options pt 1 Quiz

This is a SIE Exam Lesson 11 Quiz  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

Quiz Options Part 1

1. The oldest recorded option was about _____ getting options on the use of olive presses for a small price and charging olive growers exorbitant price for the use of those olive presses.

2. It gives the holder or buyer of the option the right to purchase a specific number of shares of stock.

3. All of the following are needed in evaluating the value of an option EXCEPT ___.

4. The premium is the price paid for an option.

5. Brokerage firms require same-day settlement on the options that are bought from them.

6. In a call option, it is the price at which the stock can be bought.

7. Which of the following makes a call option valuable?

8. The more time you have on the option, the more expensive the option becomes.

9. In the “in the money option”, the strike price is above the current stock price.

10. It is the difference between the strike price and the current stock price when the strike price is lower than the current stock price.

SIE Exam Lesson 11 Options pt 1: Cont

11. If the stock price increases before the option expires, the intrinsic value of the option ___.

12. It is the price paid over the intrinsic value for the time period of the option.

13. When the time value of the option declines to zero, what is left to the option at the time of expiration is its ___.

14. It is the right to sell the stock at a specific price.

15. In a put option, it is the price at which the stock can be sold.

16. If the current price of the stock in the market is $60 and it was offered in a call option at a strike price is $50, what is the intrinsic value of the option?

17. An option that has expired loses its intrinsic value.

18. If you bought a call option at a premium of $18 to buy a stock at $50 that is now selling in the market at $60, how much did you pay for the time value?

19. If the current price of the stock in the market is $60 and the strike price is $50 in a put option, what is the intrinsic value of the put option?

20. What value does an out of the money put option has?

We hope you did well on this SIE Exam Lesson 11 Options pt 1 Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is a SIE Exam Lesson 10 Free Quiz which is covering Credit Default Swaps, Adjustable Rate Securities and SPV’. Try it and see how you do if you need help listen to the lesson over.

This is a SIE Exam Lesson 10 Free Quiz which is coveringCredit Default Swaps, Adjustable Rate Securities and SPV’s. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

1. Which of the following are derivative type products?

2. The reason you would buy a credit default swap if you are a speculator is you expect the credit worthiness of a company to ___.

3. Credit default swaps are traded ___.

4. There is no limit to the number of credit default swaps that can be written on any specific position.

5. It is a credit default swap used as a hedge vehicle for a position.

6. It is a credit default swap for bonds that you speculate on but do not own.

7. How much would you pay for a credit default swap of a $50,000 worth of bonds that has a spread of 25 basis points?

8. In a Dutch auction, a person actually puts back the bond to the issuer.

9. It is the lowest rate where there are enough purchasers willing to buy all the auctionable securities at a Dutch auction.

10. In a Dutch auction, the clearing rate is reset ___.

SIE Exam Lesson 10 Free Quiz: Continued

11. In a Dutch auction, bids higher than the clearing rate will be able to buy the bonds.

12. Which of the following happens in the case of a failed auction?

C. People could not get out of their positions.

13. Which of the following are the risks in auction rate securities?

14. Which of the following is true in a market index-linked CD?

15. If you don’t hold on to a market index-linked CD until maturity, you’re entitled to participate in its upside as long as the CD is FDIC insured.

16. Which of the following are risks in a market index-linked CD?

17. In a market index-linked CD, you can only lose principal if the institution issuing the CD goes bankrupt.

18. Which of the following are risks in an exchange-traded note?

19. Which of the following is true about exchange-traded notes and market index-linked CDs?

20. Which of the following is true in a reverse convertible note?

We hope you did well on this SIE Exam Lesson 10 Free Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is a SIE Exam Lesson 9 Free Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.

This is a SIE Exam Lesson 9 Free Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

1. Which of the following is an example of a money market instrument?

2. Money market instruments mature in ___.

3. This is the only type of banker’s acceptance that the Federal Reserve buys.

4. The price of repurchasing a security include a yield.

5. A reverse repurchase agreement is an agreement between two parties where one party agrees to sell a block of securities to another party with the agreement that those securities will be repurchased at a later date at a specific price.

6. The shortest repurchase agreement is ___.

7. Which is NOT a characteristic of a repurchase agreement?

8. The reverse repurchase agreement is used primarily by the ___.

9. A reverse repurchase agreement is also called a matched sale.

10. The Federal Reserve is owned by the government.

11. Which of the following does the President of the United States have authority to appoint in the Federal Reserve Board?

12. The Federal Reserve having “open market operations” means ___.

13. How does the Federal Reserve create liquidity in the market?

14. What does LIBOR stand for?

15. These are funds which a member bank of the Federal Reserve leaves on deposit at the Federal Reserve.

16. What is the Federal Fund rate?

17. These are dollar-denominated deposits which are held in a bank branch outside the United States.

18. This is the rate for Eurodollars loaned overnight.

19. The London Interbank Offered Rate is the average of Eurodollar loan rates of five major banks which are all located in London.

20. Which of the following is NOT considered as eligible securities for the Federal Reserve to trade in its open market operations?

We hope you did well on this SIE Exam Lesson 9 Free Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is a SIE Exam Lesson 8 Free Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over.

This is a SIE Exam Lesson 8 Free Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

1. Which is NOT a characteristic of municipal bonds?

2. How are municipal bonds issued today?

3. The interest on qualified municipal bonds are always exempted from federal tax.

4. It is done by a bond counsel who examines the issue to determine if the municipal bond is legally binding on the issuer and that the interest is exempt from federal tax under the current law.

C. legal opinion

5. A bond counsel giving a qualified legal opinion says that there may be problems with the issue of the municipal bond such as the exemption from federal tax.

6. Which of the following is a municipal bond?

7. Which of the following does NOT secure a special tax bond?

8. The issuance of this bond is backed up by a revenue source (other than an ad valorem tax or property tax) and by the full faith and credit of the taxing authority.

9. Short-term municipal notes have a life of less than twelve months up to three years.

10. These notes are issued at the end of the year and the taxes received at the beginning of the year will be used to pay off the issued notes.

SIE Exam Lesson 8 Free Quiz: Municipal Debt: Continued

11. Step up or step down variable interest notes have interest rate that goes up or down and keeps the value of the bond basically at par.

12. Which of the following does NOT contribute to a state’s income?

13. Which of the following is NOT a characteristic of a general obligation bond?

C. It is serviced by ad valorem taxes.

14. Which of the following is NOT a revenue bond?

15. These are used for the protection of the investor in the bonds.

16. The element of a municipal bond that allows, but not obliges, the issuer to call the bonds usually after a certain date.

17. Which insurance company insure municipal bond debt?

C. Municipal Bond Insurance Association Corporation (MBIA)

18. A negative carry happens when the interest rate on the money borrowed to buy municipal bonds is less than the interest rate earned.

19. When a municipality sets its ___, it cannot issue additional general obligation bonds except by the majority approval of a public referendum.

20. In order to issue a revenue bond, this is conducted to see if the projected revenues, the cost of the project, and whether the projected revenues are going to be able pay off the debt that will be issued.

We hope you did well on this SIE Exam Lesson 8 Free Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is a SIE Exam Lesson 7 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over.

This is a SIE Exam Lesson 7 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

1. The US government is not subject to the Securities Act of 1933.

2. Which of the following are non-callable?

3. A risk free investment guarantees a client to get back a dollar for every dollar he invests as long as he does it at par.

4. Which of the following is a risk-free investment?

5. Interest on direct US treasuries are exempted from ___.

6. Which of the following is NOT a characteristic of US government bonds?

7. Interest rates of Treasury Inflation Protected Securities are usually lower than treasury notes or treasury bonds because of the ___.

8. Which of the following is NOT a quasi-hybrid security?

9. It is an independent federal agency created as a successor regulatory agency from the merger of the Federal Housing Finance Board, the Office of Federal Housing Enterprise Oversight and the US Department of Housing and Urban Development.

SIE Exam Lesson 7 Free Quiz: Continued

10. The only US government agency obligation that carries the full faith and credit of the United States government

11. Which of the following is NOT guaranteed in a Ginnie Mae certificate?

12. Why does the investment value of a Collateralized Mortgage Obligation decline in a client’s statement?

C. The reduction in the investment value is received by the client every month as part of the principal.

13. Zero coupon bonds are created by the government.

14. These are government notes or government bonds whose interest payments are stripped out and then sold at a discount.

15. If a client owns a 20-year zero coupon treasury bond and interest rates go up, that bond in the secondary market will ___.

16. Which of the following is a characteristic of the Student Loan Marketing Association?

C. Its bonds are quoted in thirty-seconds.

17. Agency debts trade in trade day plus three days.

18. Primary dealers buy small amounts of government bonds, notes, and bills directly from the government.

19. It is a pledge of collateral usually real estate to secure a loan at a fixed interest rate over the term of the loan.

20. Which of the following is a risk in a Collateralized Mortgage Obligation?

We hope you did well on this SIE Exam Lesson 7 Free Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is a SIE Exam Lesson 6 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over.

This is a SIE Exam Lesson 6 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

1. Which of the following is the correct set of government bills in order of increasing length in which they are set?

2. Which of the following is NOT a US government sponsored entity?

3. A call feature is a compulsory redemption of the bond at a specific price.

4. A call protection period is _____.

5. It is best to quote a bond to a client in the most conservative yield.

6. It is the right of the bond holder to redeem the bond from the issuer on a specific date.

7. US treasury bonds are quoted in ___.

8. Corporate bonds are quoted in ___.

9. Bonds that trade flat are bonds without accrued interest.

10. Which of the following is a bond that trade flat?

11. A basis point is 10th of a percentage point.

12. In calculating the price of a serial bond, the following are needed EXCEPT ___.

13. In corporate bonds, in the event of dissolution, which of the following is the correct set of obligation in order of decreasing priority?

14. The Trust Indenture Act of 1939 includes which of the following?

15. All of the following are secured debts EXCEPT ___.

16. Which of the following is NOT a characteristic of a commercial paper?

17. It gives the bond holder the option of converting his debt in common stock at a set conversion ratio.

18. Why would a bond be called by the issuer?

19. When the bond and stock are trading at equivalent values and there’s no theoretical reason for conversion or non-conversion, there is parity.

20. When stocks rise above parity, corporate treasures may force the conversion of the debt into equity by ___.

We hope you did well on this SIE Exam Lesson 6 Free Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is a SIE Exam Lesson 5 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over.

This is a SIE Exam Lesson 5 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

1. Which of the following is an example of a fixed income investment?

2. In fixed income investments, the par value ___.

3. Maturity value is the value the investor gets when his fixed income investment matures.

4. This is the date when the investor gets back the par value of his fixed income investment.

5. Fixed income investments have stated interest rates except for ___.

6. US government bonds have no call features.

7. Sinking funds are ___.

8. Which of the following is associated with collateralized mortgage obligations?

9. These bonds are bought at a discount and mature at par value.

C. term bonds

10. These are bonds that have varying maturity dates that carry different interest rates.

11. Which of the following does a zero coupon bond have?

12. Which of the following does a term bond have?

13. In a zero coupon bond, the difference between the value of the bond when it is bought and the value of the bond when it matures is the calculated yield.

14. Serial bonds are issued in a series of steps according to the cash needs of the issuer.

15. In the normal yield curve environment, ___.

16. In an inverted yield curve, ___.

17. When buying a discounted bond in the secondary market, which of the following is the correct set of yield in order of increasing value?

A. coupon yield, current yield, yield to maturity

18. When buying a bond at par, which of the following is the correct set of yield in order of increasing value?

A. coupon yield, current yield, yield to maturity

19. Bond accretion is the devaluation of the bond at par when the bond was bought at premium.

20. In a tax exempt bond at a premium, the amortized portion of the premium is deducted from the income of the buyer of the bond.

We hope you did well on this SIE Exam Lesson 5 Free Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.

https://www.finra.org/industry/series7

However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf