This net cost is the LMN corporation has 2 million shares authorized, of which 1 million have been issued and there are 100,000 shares of treasury stock on the balance sheet. Watney has placed a buy order for 1000 shares of ABC at the market. This investor sold the November and bought the October. Long Index puts provide an effective hedge against downside portfolio risk. Unless the client believes the stock is about the ‘break out’ to the upside and pierce through the resistance level, the client will sell, taking the profit.The stock of which of the following listed corporations is generally considered the most sensitive to interest rate changes? As of his latest monthly statement received a few days ago, he held a 400 share long position and the market price was $30. Ko’s portfolio has an aggressive bias towards growth stocks. This put option has NO intrinsic value. A week later with JKS at 90, the account has SMA of: He believes that it is fast approaching its resistance level of 60. The market price of which of the following issues would likely decline the greatest dollar amount? Rose McGraw has given 1,000 shares of ABC common to her granddaughter under the UGMA regulations. The company announces a 2 for 1 stock split. June 1st is 3 months after the March 1st date of hire.One of the best ways to hedge against loss when long a listed stock is to acquire a long put position.

Credit risk is essentially non-existent with United States bonds. If her date of hire was March 1st, and she passed the appropriate qualification examination required by the MSRB on March 31st, when is the earliest date on which she may begin to engage in the sale of municipal securities with public customers? A client of yours with a conservative level of tolerance for systematic risk and a fairly long time horizon has indicated that she would prefer to avoid substantial portfolio turnover. In this case, the ‘cheap stock rule’ dictates that a minimum of $2.50 per share is required when shorting stock priced at $2.50 or below. Assuming no change in the price of the stock, what would John’s position be after the split? The S&P 500 Index is currently at 2000.00 and her portfolio has a current market value of $1,000,000. a violation of the Securities & Exchange Act of 1934 The fourth market is direct trading between two institutional investors, with no broker/dealer involved. The trade at 49 triggers this order. A. By failing to discuss this, the rep has engaged in an unfair and unethical practice known as a ‘breakpoint sale.’For the customer who is seeking to hedge a short stock position, which of these strategies can provide some degree of protection? A $1,000,000 portfolio would require 5 put options if the portfolio had a beta of 1.0. If you leave this page, your progress will be lost. Remember, since the exam changed in October of 2018, the 1) Which of the following would bring the best after tax yield for an investor in the 32% tax bracket?2) A customer would like to open a margin account with a purchase of 100 shares of RST stock @ 34.

At the time of account opening, individuals filling out a new account form must supply certain information which will enable which of the following agencies to verify they are not on the list of known money launderers, terrorists or others deemed ineligible to open an account at a financial institution? Firms are advised by FINRA to do the math to determine which clients would benefit from the fee-based wrap account approach. He informs you that he likes ABC Technology, Inc. and has instructed you to buy it when you think the time and price are right and to buy as much of it as you believe is reasonable when considering his portfolio mix and investment objectives. In this case, there is a $10 unrealized gain on a stock position held only six months (short term). Regulation SHO contains the ‘locate rule’ requiring the order dept.
Therefore, the option premium of 14.40 is entirely comprised of time value: Therefore, non payment in T+3 does not result in any action.The recommended way to handle a conflict of interest between a member firm and one of its customers in a proposed transaction or set of transactions is to: Trading between institutions without using a broker-dealer 8) A preliminary prospectus would include all of the following EXCEPT:A.
If he does not think the stock will break out, which of the below would be most appropriate? When the client invests additional money into the fund, he will be granted the reduced sales charge on that portion of his investment which exceeds the breakpoint.When the client invests additional money into the fund, he will be given a retroactive sales charge reduction once his total investment equals or exceeds the breakpoint. ABC is currently trading at $14 and Rose’s initial cost for the shares nearly a decade ago was $7/share. interest payments may be made in either US dollars or the currency of the nation in which the bond was issued.its interest payments will be made in US dollars only.these bonds are issued by either US or foreign corporations but are not issued in the United States. Start your test prep right … In securities analysis, the breadth of the market is measured by the ratio of advancing stocks to declining stocks.A margin account customer buys 100 shares of JKS common at 80 and deposits the required Reg. Which of the below statements is correct? to know the shares being sold short can be borrowed, or at a minimum to have no reason to believe the shares are not readily available for borrowing.An option trader who simultaneously goes long an XYZ Oct 40 put and short an XYZ Nov 40 put will profit if: Resistance at 60 tells us that if the stock is currently in the upper 50’s, it will not go above 60: it will encounter ‘resistance’ at that point. Double negatives such as ‘not untrue’ must be dealt with carefully. As such, its beta is 1.4 and she is concerned about downside exposure due to overall market risk over the near term.

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