SIE – NINTH SIMULATION

#1. Which of the following is a feature of Class A shares?

Highest 12b-1 fees

Front-end sales charge with breakpoints

No sales charges

Level loads

#2. Which of the following is a feature of Class A shares?

Level loads

Front-end sales charge with breakpoints

No sales charges

Highest 12b-1 fees

#3. Which of the following is a characteristic of common stock?

Pays guaranteed interest

Has a fixed maturity

Has priority over bonds

Represents ownership and voting rights in a corporation

#4. Which of the following is a characteristic of common stock?

Has priority over bonds

Has a fixed maturity

Pays guaranteed interest

Represents ownership and voting rights in a corporation

#5. Which of the following best describes forward pricing?

Orders execute intraday

Orders receive midpoint pricing

Orders receive prior NAV

Mutual fund orders receive the next calculated NAV

#6. Which of the following best describes forward pricing?

Orders receive midpoint pricing

Orders receive prior NAV

Orders execute intraday

Mutual fund orders receive the next calculated NAV

#7. Which of the following statements about SIPC is TRUE?

It insures annuities

It covers futures contracts

It guarantees returns

It does not protect against market losses

#8. Which of the following is considered inside information?

Public press release

Material nonpublic earnings data

Historical prices

Analyst opinions

#9. Which of the following risks cannot be diversified away?

Systematic market risk

Industry risk

Company-specific risk

Business risk

#10. Which of the following statements about SIPC is TRUE?

It insures annuities

It does not protect against market losses

It covers futures contracts

It guarantees returns

#11. Which of the following accounts allows unequal ownership interests?

Tenants in common

IRA

JTWROS

Custodial UGMA

#12. Which of the following best describes a firm commitment underwriting?

The issuer bears all the risk

The issue is sold only by best efforts

Shares are sold only to institutions

The underwriter purchases the entire issue and resells it to the public

#13. Which of the following best describes forward pricing?

Mutual fund orders receive the next calculated NAV

Orders receive prior NAV

Orders execute intraday

Orders receive midpoint pricing

#14. Which of the following is a feature of Class A shares?

No sales charges

Highest 12b-1 fees

Level loads

Front-end sales charge with breakpoints

#15. Which of the following best describes forward pricing?

Orders receive midpoint pricing

Orders receive prior NAV

Orders execute intraday

Mutual fund orders receive the next calculated NAV

#16. Which of the following best describes a firm commitment underwriting?

The issue is sold only by best efforts

Shares are sold only to institutions

The underwriter purchases the entire issue and resells it to the public

The issuer bears all the risk

#17. Which of the following orders is used to buy at the lowest possible price?

Sell stop order

Buy limit order

Buy stop order

Market order

#18. Which of the following is a feature of Class A shares?

Front-end sales charge with breakpoints

Level loads

Highest 12b-1 fees

No sales charges

#19. Which of the following is considered inside information?

Historical prices

Public press release

Material nonpublic earnings data

Analyst opinions

#20. Which of the following is a characteristic of common stock?

Pays guaranteed interest

Has priority over bonds

Represents ownership and voting rights in a corporation

Has a fixed maturity

#21. Which of the following is a feature of Class A shares?

No sales charges

Level loads

Highest 12b-1 fees

Front-end sales charge with breakpoints

#22. Which of the following securities has the lowest credit risk?

Municipal revenue bond

U.S. Treasury bond

Corporate debenture

High-yield bond

#23. Which of the following orders is used to buy at the lowest possible price?

Market order

Buy stop order

Buy limit order

Sell stop order

#24. Which of the following best describes forward pricing?

Mutual fund orders receive the next calculated NAV

Orders execute intraday

Orders receive midpoint pricing

Orders receive prior NAV

#25. Which of the following is a feature of Class A shares?

Highest 12b-1 fees

Level loads

Front-end sales charge with breakpoints

No sales charges

#26. Which of the following accounts allows unequal ownership interests?

Custodial UGMA

IRA

Tenants in common

JTWROS

#27. Which of the following orders is used to buy at the lowest possible price?

Sell stop order

Market order

Buy stop order

Buy limit order

#28. Which of the following accounts allows unequal ownership interests?

JTWROS

Tenants in common

Custodial UGMA

IRA

#29. Which of the following statements about SIPC is TRUE?

It guarantees returns

It insures annuities

It covers futures contracts

It does not protect against market losses

#30. Which of the following best describes a firm commitment underwriting?

The issuer bears all the risk

The underwriter purchases the entire issue and resells it to the public

The issue is sold only by best efforts

Shares are sold only to institutions

#31. Which of the following orders is used to buy at the lowest possible price?

Market order

Buy limit order

Buy stop order

Sell stop order

#32. Which of the following is considered inside information?

Historical prices

Public press release

Analyst opinions

Material nonpublic earnings data

#33. Which of the following statements about SIPC is TRUE?

It does not protect against market losses

It insures annuities

It guarantees returns

It covers futures contracts

#34. Which of the following orders is used to buy at the lowest possible price?

Sell stop order

Market order

Buy limit order

Buy stop order

#35. Which of the following best describes a firm commitment underwriting?

Shares are sold only to institutions

The issue is sold only by best efforts

The underwriter purchases the entire issue and resells it to the public

The issuer bears all the risk

#36. Which of the following risks cannot be diversified away?

Business risk

Company-specific risk

Industry risk

Systematic market risk

#37. Which of the following securities has the lowest credit risk?

Municipal revenue bond

U.S. Treasury bond

Corporate debenture

High-yield bond

#38. Which of the following statements about SIPC is TRUE?

It does not protect against market losses

It insures annuities

It guarantees returns

It covers futures contracts

#39. Which of the following best describes a firm commitment underwriting?

The issue is sold only by best efforts

The underwriter purchases the entire issue and resells it to the public

The issuer bears all the risk

Shares are sold only to institutions

#40. Which of the following statements about SIPC is TRUE?

It guarantees returns

It does not protect against market losses

It covers futures contracts

It insures annuities

#41. Which of the following accounts allows unequal ownership interests?

Custodial UGMA

JTWROS

IRA

Tenants in common

#42. Which of the following statements about SIPC is TRUE?

It does not protect against market losses

It guarantees returns

It covers futures contracts

It insures annuities

#43. Which of the following accounts allows unequal ownership interests?

Custodial UGMA

IRA

Tenants in common

JTWROS

#44. Which of the following best describes forward pricing?

Orders execute intraday

Orders receive prior NAV

Mutual fund orders receive the next calculated NAV

Orders receive midpoint pricing

#45. Which of the following is a characteristic of common stock?

Represents ownership and voting rights in a corporation

Has a fixed maturity

Has priority over bonds

Pays guaranteed interest

#46. Which of the following best describes a firm commitment underwriting?

The issue is sold only by best efforts

Shares are sold only to institutions

The underwriter purchases the entire issue and resells it to the public

The issuer bears all the risk

#47. Which of the following is considered inside information?

Material nonpublic earnings data

Public press release

Historical prices

Analyst opinions

#48. Which of the following risks cannot be diversified away?

Systematic market risk

Business risk

Company-specific risk

Industry risk

#49. Which of the following risks cannot be diversified away?

Industry risk

Systematic market risk

Business risk

Company-specific risk

#50. Which of the following securities has the lowest credit risk?

High-yield bond

U.S. Treasury bond

Corporate debenture

Municipal revenue bond

#51. Which of the following securities has the lowest credit risk?

High-yield bond

Municipal revenue bond

Corporate debenture

U.S. Treasury bond

#52. Which of the following is a feature of Class A shares?

Level loads

Front-end sales charge with breakpoints

Highest 12b-1 fees

No sales charges

#53. Which of the following risks cannot be diversified away?

Industry risk

Business risk

Company-specific risk

Systematic market risk

#54. Which of the following is a feature of Class A shares?

No sales charges

Level loads

Highest 12b-1 fees

Front-end sales charge with breakpoints

#55. Which of the following orders is used to buy at the lowest possible price?

Market order

Buy limit order

Sell stop order

Buy stop order

#56. Which of the following is a feature of Class A shares?

Highest 12b-1 fees

Level loads

No sales charges

Front-end sales charge with breakpoints

#57. Which of the following is a characteristic of common stock?

Has a fixed maturity

Represents ownership and voting rights in a corporation

Has priority over bonds

Pays guaranteed interest

#58. Which of the following securities has the lowest credit risk?

High-yield bond

Corporate debenture

U.S. Treasury bond

Municipal revenue bond

#59. Which of the following orders is used to buy at the lowest possible price?

Buy stop order

Buy limit order

Market order

Sell stop order

#60. Which of the following orders is used to buy at the lowest possible price?

Buy stop order

Sell stop order

Buy limit order

Market order

#61. Which of the following orders is used to buy at the lowest possible price?

Buy limit order

Market order

Buy stop order

Sell stop order

#62. Which of the following is considered inside information?

Material nonpublic earnings data

Analyst opinions

Historical prices

Public press release

#63. Which of the following statements about SIPC is TRUE?

It covers futures contracts

It does not protect against market losses

It guarantees returns

It insures annuities

#64. Which of the following accounts allows unequal ownership interests?

JTWROS

Tenants in common

IRA

Custodial UGMA

#65. Which of the following best describes forward pricing?

Orders receive midpoint pricing

Orders receive prior NAV

Mutual fund orders receive the next calculated NAV

Orders execute intraday

#66. Which of the following statements about SIPC is TRUE?

It covers futures contracts

It guarantees returns

It does not protect against market losses

It insures annuities

#67. Which of the following securities has the lowest credit risk?

High-yield bond

Corporate debenture

U.S. Treasury bond

Municipal revenue bond

#68. Which of the following accounts allows unequal ownership interests?

Custodial UGMA

IRA

Tenants in common

JTWROS

#69. Which of the following accounts allows unequal ownership interests?

Tenants in common

JTWROS

IRA

Custodial UGMA

#70. Which of the following is a characteristic of common stock?

Has priority over bonds

Represents ownership and voting rights in a corporation

Has a fixed maturity

Pays guaranteed interest

#71. Which of the following statements about SIPC is TRUE?

It does not protect against market losses

It guarantees returns

It covers futures contracts

It insures annuities

#72. Which of the following statements about SIPC is TRUE?

It guarantees returns

It covers futures contracts

It does not protect against market losses

It insures annuities

#73. Which of the following accounts allows unequal ownership interests?

JTWROS

Tenants in common

Custodial UGMA

IRA

#74. Which of the following securities has the lowest credit risk?

Municipal revenue bond

U.S. Treasury bond

High-yield bond

Corporate debenture

#75. Which of the following orders is used to buy at the lowest possible price?

Buy limit order

Sell stop order

Buy stop order

Market order

ARE YOU READY?

LET’S PRACTICE!

Results

#1. Which of the following is a feature of Class A shares?

#2. Which of the following is a feature of Class A shares?

#3. Which of the following is a characteristic of common stock?

#4. Which of the following is a characteristic of common stock?

#5. Which of the following best describes forward pricing?

#6. Which of the following best describes forward pricing?

#7. Which of the following statements about SIPC is TRUE?

#8. Which of the following is considered inside information?

#9. Which of the following risks cannot be diversified away?

#10. Which of the following statements about SIPC is TRUE?

#11. Which of the following accounts allows unequal ownership interests?

#12. Which of the following best describes a firm commitment underwriting?

#13. Which of the following best describes forward pricing?

#14. Which of the following is a feature of Class A shares?

#15. Which of the following best describes forward pricing?

#16. Which of the following best describes a firm commitment underwriting?

#17. Which of the following orders is used to buy at the lowest possible price?

#18. Which of the following is a feature of Class A shares?

#19. Which of the following is considered inside information?

#20. Which of the following is a characteristic of common stock?

#21. Which of the following is a feature of Class A shares?

#22. Which of the following securities has the lowest credit risk?

#23. Which of the following orders is used to buy at the lowest possible price?

#24. Which of the following best describes forward pricing?

#25. Which of the following is a feature of Class A shares?

#26. Which of the following accounts allows unequal ownership interests?

#27. Which of the following orders is used to buy at the lowest possible price?

#28. Which of the following accounts allows unequal ownership interests?

#29. Which of the following statements about SIPC is TRUE?

#30. Which of the following best describes a firm commitment underwriting?

#31. Which of the following orders is used to buy at the lowest possible price?

#32. Which of the following is considered inside information?

#33. Which of the following statements about SIPC is TRUE?

#34. Which of the following orders is used to buy at the lowest possible price?

#35. Which of the following best describes a firm commitment underwriting?

#36. Which of the following risks cannot be diversified away?

#37. Which of the following securities has the lowest credit risk?

#38. Which of the following statements about SIPC is TRUE?

#39. Which of the following best describes a firm commitment underwriting?

#40. Which of the following statements about SIPC is TRUE?

#41. Which of the following accounts allows unequal ownership interests?

#42. Which of the following statements about SIPC is TRUE?

#43. Which of the following accounts allows unequal ownership interests?

#44. Which of the following best describes forward pricing?

#45. Which of the following is a characteristic of common stock?

#46. Which of the following best describes a firm commitment underwriting?

#47. Which of the following is considered inside information?

#48. Which of the following risks cannot be diversified away?

#49. Which of the following risks cannot be diversified away?

#50. Which of the following securities has the lowest credit risk?

#51. Which of the following securities has the lowest credit risk?

#52. Which of the following is a feature of Class A shares?

#53. Which of the following risks cannot be diversified away?

#54. Which of the following is a feature of Class A shares?

#55. Which of the following orders is used to buy at the lowest possible price?

#56. Which of the following is a feature of Class A shares?

#57. Which of the following is a characteristic of common stock?

#58. Which of the following securities has the lowest credit risk?

#59. Which of the following orders is used to buy at the lowest possible price?

#60. Which of the following orders is used to buy at the lowest possible price?

#61. Which of the following orders is used to buy at the lowest possible price?

#62. Which of the following is considered inside information?

#63. Which of the following statements about SIPC is TRUE?

#64. Which of the following accounts allows unequal ownership interests?

#65. Which of the following best describes forward pricing?

#66. Which of the following statements about SIPC is TRUE?

#67. Which of the following securities has the lowest credit risk?

#68. Which of the following accounts allows unequal ownership interests?

#69. Which of the following accounts allows unequal ownership interests?

#70. Which of the following is a characteristic of common stock?

#71. Which of the following statements about SIPC is TRUE?

#72. Which of the following statements about SIPC is TRUE?

#73. Which of the following accounts allows unequal ownership interests?

#74. Which of the following securities has the lowest credit risk?

#75. Which of the following orders is used to buy at the lowest possible price?