Series 6 Practice Questions

Welcome to your Series 6 Practice Exam

1) The __________________represent the rate of return anticipated on a bond if it is held until the maturity date and all payments are made as scheduled.
2) Issuers of a revenue bond must have taxing authority.
3) Government Treasury Notes (T-notes) pay interest every _________
4) To maintain your Series 6 license you must complete continuing education. The continuing education consists of a _______ element and ______ element.
5) If you buy a stock for $50 and for a year it pays you an annual dividend of $12, after that you sell the stock for $65, what is your return on investment ROI?
6) A face amount certificate company is a company that issues only ________ securities to its investors and pays a fixed rate of return.
7) When the current yield is more than the nominal yield, the bond is trading at a discount.
8) Preemptive Rights allow shareholders to maintain their current percentage of ownership in a stock.
9) When the sale charge is applied at the time of purchase, this type of mutual fund is referred as a _________________.
10) Correspondence communication addresses 25 or less investors while retail communication is for more than 25 retail investors.
11) After the termination of employment of a registered representative with a member firm. The member firm must file a Form ____within ____ days after employment separation.
12) The FINRA rule 5130 prohibitis the sale of the securities on its first trading day to  anyone identified as a restricted person with beneficial interest. The list of restricted person includes
13) Cities cannot issue bonds.
14) _____________stocks are shares that a corporation is permitted to issue.
15) What is the Semi-annual payment of a bond with a 5% nominal yield?
16) Frank bought 1000 shares of Nike through the service of a brokerage firm. The trade was completed on February 1st and for this transaction, the regular way settlement contract was used. What is the settlement date?
17) The securities exchange act of 1934 regulates new securities in the primary market.
18) A shareholder invested in a mutual fund with a letter of intent to invest $25,000. His original investment was $5,000 and after two months the account value  appreciated to $8000. For him to complete the letter of intent, how much money  must he deposit in the account?
19) Under FINRA rules a mutual fund 12b-1 fee cannot exceed ______.
20) A put option gives you, the buyer, the right to buy the stock but you are not obligated to do so.

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