Series-7 Leak Questions

General Securities Representative Qualification Examination (GS) Questions and Answers

Question 13

The net asset value of a mutual fund was $9.72 last month. This month it is calculated at $9.85.

What is the change in value called?

yield

asset revaluation

appreciation

capital gain

Question 14

An investor purchasing a corporate bond regular way will have to pay the contracted price plus accrued interest:

up to and including the trade date

up to but not including the trade date

up to but not including the settlement date

up to but including the settlement date

Question 15

Bubba is buying a treasury bill. The discount he receives results in Bubba’s determination of:

face value

nominal yield

rate of return

yield to call

Question 16

An advertisement for a CMO security by a member of FINRA should disclose which of the following?

the exact yield investor will earn

the yield based upon the prevailing discount rate

that the stated yield is an estimate that may vary passed upon prepayments and market factors

that the yield may be greater than the stated percentage but never less