Series 7 Exam For Dummies

by Rice, Steven M.

• ISBN13: 9781118117576
• ISBN10: 1118117573
• Edition: 2nd
• Format: Paperback
• Copyright: 2012-12-26
• Publisher: For Dummies

Summary

Series 7 Exam For Dummies, 2nd Edition has long been the category leader and test takers continue to look at this book as the trusted leader in advice for acing the all-important Series 7 Exam. This new and revised edition contains updated material specific to the latest edition of the Series 7 Exam as well as an all new CD and practice exams.

Author Biography

Steven M. Rice is a partner and instructor at the Empire Stockbroker Training Institute, one of the largest and most successful securities training schools in the country.

Table of Contents

Introduction 1

Part I: Gearing Up for the Series 7 Exam 5

Chapter 1: So You Want to Sell Securities: Introducing the Series 7 Exam 7

Chapter 2: Preparing for the Series 7 Exam 17

Chapter 3: Examining and Mastering Question Types 29

Chapter 4: Surviving Test Day 41

Part II: Mastering Basic Security Investments 47

Chapter 5: Underwriting Securities 49

Chapter 6: Corporate Ownership: Equity Securities 61

Chapter 7: Debt Securities: Corporate and U.S. Government Loans 73

Chapter 8: Municipal Bonds:Local Government Securities 93

Part III: Delving Deeper: Security Investments with a Twist 109

Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 111

Chapter 10: Delivering Diversification with Packaged Securities 127

Chapter 11: Working with Direct Participation Programs 141

Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 151

Part IV: Playing Nicely: Serving Your Customers

and Following the Rules 181

Chapter 13: Doing a Little Market Research: Portfolio and Securities Analysis 183

Chapter 14: Going to Market: Orders and Trades 199

Chapter 15: Making Sure the IRS Gets Its Share 213

Chapter 16: No Fooling Around: Rules and Regulations 225

Part V: Putting Your Knowledge to Good Use: A Practice Exam 247

Chapter 17: Bring It On: Practice Exam Part I 249

Chapter 18: Answers and Explanations to Practice Exam Part I 269

Chapter 19: Nothing but Net: Practice Exam Part II 287

Chapter 20: Answers and Explanations to Practice Exam Part II 309

Part VI: The Part of Tens 325

Chapter 21: Ten Series 7 Exam Traps to Avoid 327

Chapter 22: Ten Ways to Start Your Career Off Right 331

Part VII: Appendixes 335

Appendix A: Memorizing Important Figures and Formulas 337

Appendix B: About the CD 339

Index 343