Sie practice exam 2 Study guides, Class notes & Summaries

Which of the following statements is true regarding the concept of an annuity contract? a) Payouts of an investment in a nonqualified annuity are all income tax-free b) The kind of annuity selected partly determines the payment amounts to the annuitant c) In the case of life annuity contracts, the age and sex of the annuitant do not affect the payment amounts d) The amounts of the periodic payments to the annuitant are determined by the performance of the insurance company's investment re...

Which of the following statements is true regarding the concept of an annuity contract? a) Payouts of an investment in a nonqualified annuity are all income tax-free b) The kind of annuity selected partly determines the payment amounts to the annuitant c) In the case of life annuity contracts, the age and sex of the annuitant do not affect the payment amounts d) The amounts of the periodic payments to the annuitant are determined by the performance of the insurance company's investment re...

How frequently will a mutual fund with a turnover ratio of 20% replace its total holdings? A. Every year B. Every 2 years C. Every 4 years D. Every 5 years - Answer- D All but which of the following are considered securities under the Uniform Securities Act? A. Debentures B. Precious metals C. Variable annuities D. Variable life insurance - Answer- B When a bond is selling at a premium to par, the yield to maturity (YTM) will always be _____ the bond's coupon rate. If a bond i...

a company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum of shares to be purchased. An investor wants to participate in this offer and tenders his 1000 share position. At the close of the offer period, only 900,000 shares have been tendered. How many, if any, of the investor's shares will the company purchase? a. 0 b. 100 c. 900 d. 1000 correct answer: 1000 Company ABC anno...

In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market Buy bonds in the open market Under FINRA rules which of the following activities by a registered representative requires written notification to her firm? A) Gambling resulting in winnings in excess of $10,000 B) Driving part time for a transportation network company on ...

FINRA SIE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS GRADED A+

SIE Practice Exam 2024 with complete solution Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. Third market An inves...

SIE Practice Exam 2 With 100% Correct And Verified Answers 2024

SIE Practice Exam 2024 Questions and Correct Answers

The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received - ANSWER>>>>>NAV computed after the order is received The computation of dollar prices and accrued interest on municipal bonds is normal on what calendar basis? 30/360 30/365 Actual/360 Actual/365 - ANSWER>>>>>30/360 Blue-sky laws are...