Free FINRA SIE Exam Questions

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

The formation of an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans is known as:

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? 

On settlement date, a customer is unable to pay for a purchase in his cash account. His position is liquidated. Which of the following statements is true according to Federal Reserve Regulation T?  

A customer buys 100 ABC at $50 and at the same time sells an ABC April 50 call at $8. At expiration, ABC must be at what market price for the customer to break even?