Practice Quiz

FINRA Series 7 Exam Prep - Question List

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26. Under a leaseback arrangement used to finance construction of local schools, who is the issuer of the municipal bonds?
  1. the state in which the schools are located
  2. the local school district
  3. a legal authority created for this purpose
  4. a public housing authority commissioned by the federal government
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27. A financial institution requesting a quote on a block of 100 bonds from a dealer in government securities receives a quote of 98.02 bid, 98.06 asked. What is the dollar amount the institution will receive if the financial institution sells these bonds to the dealer?’’
  1. $98,062.50
  2. $98,187.50
  3. $98,250.00
  4. $98,750.00
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28. Convertible preferred stock has all of the following characteristics except:
  1. a lower dividend rate than non-convertible preferred
  2. a dilution of earnings if converted into common stock
  3. a requirement for shareholders to always accept the call price when called
  4. required dividend payments to shareholders before any dividends are paid to holders of common stock
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29. Which of the following municipal bonds may be grouped under the classification of “revenue bonds”?
  1. special tax
  2. new housing authority
  3. general obligation
  4. limited tax
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30. In a triple net lease, which of the following is the tenant not responsible for paying?
  1. taxes
  2. financing charges
  3. insurance premiums
  4. maintenance
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