FINRA SIE - Securities Industry Essentials Exam
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Total 308 questions
Question #11 (Topic: Exam A)
A bond has a current market price of $1,000 and pays $25 every six months. What is the current yield of the bond?
A. 2.5%
B. 4.0%
C. 5.0%
D. 6.0%
Answer: C
Question #12 (Topic: Exam A)
Which of the following entities is a self-regulatory organization (SRO) that enforces the rules of the MSRB?
A. Cboe
B. FINRA
C. The SEC
D. The MSRB
Answer: B
Question #13 (Topic: Exam A)
Telemarketing rules require which of the following provisions to be in place to be compliant?
A. The broker-dealer (BD) adds to a registry, within 45 days, the names of those who have expressed a wish not to be called.
B. The BD's registered representatives (RRs) reference the National Do Not Call Registry from a list updated no more than 30 days ago.
C. An RR adds a name to the BD's do-not-call registry, which restricts calls for up to five years.
D. Each RR engaged in telemarketing relies exclusively on a personal list of persons who have expressed a wish not to be called.
Answer: B
Question #14 (Topic: Exam A)
A buyer purchases Treasury notes from a broker-dealer's inventory. In a regular way settlement transaction, when is the buyer required to pay for the securities?
A. T
B. T + 1
C. T + 2
D. When the securities are issued
Answer: C
Question #15 (Topic: Exam A)
Which of the following U.S. government securities do not trade in the secondary market?
A. Treasury bills
B. Treasury notes
C. Agency bonds
D. Series I savings bonds
Answer: D
