SIE Exam: 1001 Practice Questions For Dummies

Steven M. Rice is a partner and instructor at Empire Stockbroker Training Institute, one of the country’s leading schools for training to the securities industry. Steven is the author of Series 7 Exam For Dummies, SIE Exam For Dummies, and Series 7 Exam: 1001 Practice Questions For Dummies.

• Introduction 1What You’ll Find 1Beyond the Book 2Where to Go for Additional Help 2Part 1: Tackling the Questions 3Chapter 1: Securities Underwriting: The Process and the Team Players 5The Problems You’ll Work On 5What to Watch Out For 51–35 Bringing New Issues to Market 636–43 Types of Securities Offerings 1044–61 Exempt Securities and Transactions 11Chapter 2: Equity Securities: Corporate Ownership 15The Problems You’ll Work On 15What to Watch Out For 1562–97 Common Stock 1698–125 Preferred Stock 20126–141 ADRs, Rights, and Warrants 24Chapter 3: Debt Securities: Corporate and US Government Loans 27The Problems You’ll Work On 27What to Watch Out For 27142–178 Types of Bonds 28179–208 Price and Yield Calculations 32209–224 U S Government Securities 36225–238 Money Market Instruments 37Chapter 4: Municipal Bonds: Local Government Securities 41The Problems You’ll Work On 41What to Watch Out For 42239–268 GO and Revenue Bonds 43269–275 The Primary Market 47276–286 Additional Municipal Bonds 48287–296 Municipal Notes 49297–302 Municipal Fund Securities 50303–313 Taxes on Municipal Bonds 51314–335 Municipal Bond Rules 52Chapter 5: Delivering Diversification with Packaged Securities 57The Problems You’ll Work On 57What to Watch Out For 58336–340 Investment Company Rules 59341–384 Management Investment Companies 59385–406 Investment Company Options 65407–431 Annuities 67432–436 Variable Life Insurance Products 70Chapter 6: Working with Direct Participation Programs and REITs 73The Problems You’ll Work On 73What to Watch Out For 74437–457 DPPs, General, and Limited Partners 75458–464 Partnership Paperwork 77465–470 Passive Gains and Losses 78471–491 Types of DPPs 79492–502 REITs 81Chapter 7: Options: Understanding the Basics of Puts and Calls 83The Problems You’ll Work On 83What to Watch Out For 84503–535 Option Basics 85536–573 Standard Option Math 88574–602 Option Paperwork and Rules 93Chapter 8: Customer Accounts: Doing the Right Thing 97The Problems You’ll Work On 97What to Watch Out For 97603–622 Opening Accounts 98623–640 Selecting the Appropriate Type of Account 101641–664 Margin Accounts 103665–667 Telephone Act of 1991 106Chapter 9: Securities Analysis: Doing a Little Market Research 107The Problems You’ll Work On 107What to Watch Out For 108668–686 Systematic and Nonsystematic Risk 109687–709 Fundamental and Technical Analysis 111710–734 Money Supply and Monetary Policy 114735–744 Economic Indicators 117745–752 Cyclical, Defensive, and Growth Investments 118753–755 Economic Theories 118Chapter 10: Securities Markets: Taking Orders and Executing Trades 121The Problems You’ll Work On 121What to Watch Out For 121756–763 Primary and Secondary Market 122764–774 Making the Trade 123775–781 Broker-Dealer 124782–810 Executing Customer Orders 125811–815 Types of Investors 129Chapter 11: Making Sure the IRS Gets Its Share: Taxes and Retirement Plans 131The Problems You’ll Work On 131What to Watch Out For 132816–822 Tax Categories and Types of Income 133823–843 Taxes on Investments 133844–876 Retirement Plans 137Chapter 12: Rules and Regulations: No Fooling Around 143The Problems You’ll Work On 143What to Watch Out For 144877–892 Securities Regulatory Organizations 145893–904 FINRA Registration and Reporting Requirements 147905–957 Trading After the Account Is Open 149958–993 Additional Rules 156994–1,001 FDIC and SIPC 161Part 2: Checking Your Answers 163Chapter 13: The Answers 165Chapter 1 Answers 165Chapter 2 Answers 174Chapter 3 Answers 187Chapter 4 Answers 203Chapter 5 Answers 219Chapter 6 Answers 234Chapter 7 Answers 243Chapter 8 Answers 261Chapter 9 Answers 272Chapter 10 Answers 285Chapter 11 Answers 294Chapter 12 Answers 302Index 321