D. NASAA - ANSWER-B. FINRA

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FINRA SERIES 7 Exam Newest 2025/2026 With Complete Questions And Correct Answers |Already Graded A+||Brand New Version!|

Which regulatory entity establishes and interprets the rules that govern the over-the-counter markets?

A. MSRB

B. FINRA

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D. NASAA - ANSWER-B. FINRA

An investor buys an ELP Aug 50 call at 2 and sells an ELP Aug 40 call

at 6. This type of transaction is called a:

• credit call spread
• debit call spread
• credit put spread
• debit put spread - ANSWER-A. credit call spread
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The par value of a company's preferred stock is:

• Always $100 per share

II. Used to determine the claims of shareholders upon company liquidation III. Often used to determine the amount of dividends to be paid to shareholders IV. Used as a benchmark for participating preferred stock dividends

• I and IV
• II and IV
• II and III
• I and III - ANSWER-C. II and III

Which of the following are true statements regarding a registered person's continuing education?

• The firm element must be completed annually.

II. The firm element must be completed every three years.III. The regulatory element must be completed annually.IV. The regulatory element must be completed every three years.

• II and IV
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• I and III
• I and IV - ANSWER-D. I and IV

Jenny Jones purchased a XYZ bond for $800 with a coupon rate of 5%.Upon maturity, how much would you expect Jenny to receive if the bond is a typical corporate bond?

A. $1,025

B. $800

C. $1,050

D. $1,000 - ANSWER-A. $1,025

Sylvia buys 20 contracts of this option: SMA Nov 45 put @ 3. Two

months later, the underlying stock is trading at $38. Could she exercise her contracts profitably? What would be her profit or loss?

• No, $14,000
• Yes, $14,000
• Yes, $8,000
• No, $20,000 - ANSWER-C. Yes, $8,000

Under the terms of the Securities Act of 1933, once an underwriting syndicate files registration papers with the SEC on behalf of an issuer, they enter into a "cooling off" period which will last 3 / 4

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• a minimum of 20 days.
• up to 20 days.
• a minimum of 40 days.
• up to 40 days. - ANSWER-A. a minimum of 20 days.

Jenny is an employee of a broker-dealer. She is a receptionist at the firm and is not a registered representative. She would like to purchase shares in an IPO that she has recently heard about at her office. Her firm is not involved in the IPO. Which of the following BEST describes her participation?

• Jenny is prohibited from purchasing shares of the IPO, but her spouse

who she supports may purchase shares on the same basis as other customers.

• Jenny may purchase shares of the IPO on the same basis as other

customers.

• Jenny is prohibited from purchasing shares of the IPO.
• Jenny may purchase shares of the IPO as long as the purchase

quantity doesn't exceed 200 shares. - ANSWER-C. Jenny is prohibited from purchasing shares of the IPO.

All of the following would be suitable for an investor whose primary

goal is income, except:

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