Wiley FINRA Series 7 Exam Review 2017 : The General Securities Representative Examination

The most comprehensive guide to the Series 7 exam in the marketplace includes a self-directed study guide with all the most essential information to becoming a stockbroker. Areas covered include: Stocks, Debt Securities, Investment Banking, Securities Markets, Taxes, Securities Analysis, Self-Regulatory Organizations (SRO's), Mutual Funds and Investment Companies, Annuities, Margin, Options, Money Market Instruments, Direct Participation Programs and Municipal Securities. There is no prerequisite exam for the FINRA Series 7, however, test takers will be required to take the Series 63 or Series 66 as co-requisite exams. The Series 7 exam is made up of 260 multiple-choice questions of which 10 are experimental. Each student will be given a total of 6 hours for the exam (3 hours for each half). A grade of 72 is considered passing. This book includes multiple practice exams to help test takers improve their scores. The General Securities Representative Examination (Series 7) is an entry-level examination that qualifies the individual for registration with all self-regulatory organizations to trade, promote, and sell: - Public offerings and/or private placements of corporate securities (stocks and bonds) - rights - warrants - mutual funds - money market funds - unit investment trusts - REITS - asset-backed securities - mortgage-backed securities - options - options on mortgage-backed securities - municipal securities - government securities - repos and certificates of accrual on government securities - direct participation programs - securities traders - venture capital - ETFs - hedge funds WILEY SERIES 7 EXAM REVIEW 2017 -- Contents -- About the Series 7 Exam -- About This Book -- About the Test Bank -- About the Securities Institute of America -- Chapter 1 Equity Securities -- What Is a Security? -- Equity = Stock -- Common Stock -- Corporate Timeline -- Authorized Stock -- Issued Stock -- Outstanding Stock -- Treasury Stock -- Values of Common Stock -- Book Value -- Par Value -- Rights of Common Stockholders -- Preemptive Rights -- Characteristics of a Rights Offering -- Determining the Value of a Right Cum Rights -- Determining the Value of a Right Ex Rights -- Stock Splits -- Voting -- Methods of Voting -- Limited Liability -- Freely Transferable -- The Transfer Agent -- The Registrar -- CUSIP Numbers -- Inspection of Books and Records -- Residual Claim to Asets -- Why Do People Buy Common Stock? -- Income -- What Are The Risks of Owning Common Stock? -- Dividends May Be Stopped or Reduced -- Junior Claim on Corporate Assets -- How Does Someone Become a Stockholder? -- Preferred Stock -- Features of All Preferred Stock -- Payment of Dividends -- Distribution of Asets -- Perpetual -- Nonvoting -- Interest Rate Sensitive -- Types of Preferred Stock -- Adjustable Rate Preferred -- Types of Dividends -- Property/Product -- Dividend Distribution -- Taxation of Dividends -- Selling Dividends -- Dividend Disbursement Process -- Warrants -- How Do People Get Warrants? -- Possible Outcomes of a Warrant -- American Depositary Receipts (ADRs)/American Depositary Shares (ADSs) -- Currency Risks -- Functions of the Custodian Bank Issuing ADRs -- Real Estate Investment Trusts (REITs) -- Non-Traded REITs -- Pretest -- Chapter 2 Debt Securities -- Corporate Bonds -- Types of Bond Issuance -- Bearer Bonds -- Registered Bonds -- Principal-Only Registration -- Fully Registered -- Book Entry/Journal Entry -- Bond Certificate -- Bond Pricing