The price of the stock decreases the next day to $75 when she buys the stock. 180 daysb. Which of the following takes money out of the money supply? Contributions to these plans are tax deductible, while distributions are fully taxable. The intrinsic value of an option is the difference between the strike price (40) and the market price (39) if the contract is in the money. The timer of the exam will not stop once the exam starts. a. Fed’s purchase of securities b. Learn more here: https://app.achievable.me/study/finra-sie/learn/options-options-contracts-and-their-trading-markets-opening-and-closing-transactions. What is the bid-ask spread? A written indication provided by the investor to purchase a set number of mutual fund shares in the future.d. Sample Questions 1. Unlike other securities exams, the SIE exam can be taken by individuals 18 years old and above with no experience, and without sponsorship or prior job offers in the industry. Learn more here: https://app.achievable.me/study/finra-sie/learn/bond-fundamentals-trading-market-prices. Answers are located at the bottom of the page. Our content was written by acclaimed FINRA instructor Brandon Rith who has helped thousands of learners successfully pass FINRA/NASAA exams while working at Fidelity Investments. Which of the following bonds will rise the furthest in price when interest rates fall? This entry-level exam is made up of 75 multiple-choice questions, takes 1 hour and 45 minutes to complete, and costs $60 to take. Subscribe to our YouTube Channel for free SIE Exam Practice Questions! 70% mark is needed to pass. Bonds with long maturities and low coupons have the most price volatility. 7 months later, Blake closes the contract at intrinsic value when the market is at 39. It doesn’t hinder those who want to shift or start a career in finance. 1. unrealized lossd. 360 days, The correct answer is a. When is a market maker permitted to receive compensation from an issuer? A hybrid REIT combines which of the following two types of REITs? 7. Exchanging small dominated cash bills for large denominated cash bills. Tradersd. Page 2 of the SIE Exam outline reviews what FINRA expects out of SIE Exam candidates, but the entire outline also provides some good information on question depth and focus. a. Tony Smith, an MFP, would like to make a political contribution to a mayoral candidate in his local town. 12. ALL RIGHTS RESERVEDNo part of this work covered by the copyright, the SIE Professor name or SIE Professor logo may be reproduced or used in any form or by any means without the written permission of SIE Professor, LLC. Bond risk. Blake goes long 1 ABC Jan 40 put @ 7 when the market is 42. What is the maximum maturity for commercial paper? 4. Which of the following market participants have a fiduciary responsibility to their customers? a. Achievable’s SIE exam prep materials include our online textbook, review questions, and full-length mock exams. Secondary offeringd. 14 year 6% debenture. State order barring association with a firm engaging in insurance or banking activities. Price riskd. Please note that these are the type of questions you will encounter on the exam, but the actual questions may vary. Which type of securities offering allows existing shareholders to purchase additional shares in the company, typically in proportion to their current holdings? Puts are in the money when the market price is lower than the strike price. 30 year 10% mortgage bondc. Subscribe to our YouTube Channel to receive SIE Exam Practice Questions Free! In this article, you will find a guide to the topics covered on the SIE exam, and we’ve also included a few FINRA SIE practice exam questions that you can answer to gauge your current level of knowledge. We’ve prepared a few questions that include the answers and explanations to help you assess your level of knowledge and determine which areas you need to improve and focus on. SIE Professor training videos are available on our YouTube Channel. whenever new shares are issued. a. The timer of the exam will not stop once the exam starts. The risk that the issuer will require the bond owner to sell the bond back to the issuer at a specific date and price is referred to as: a. Which of the following best describes Letter of Intent: a.