Series 7 Exam 2024-2025 For Dummies (eBook)

Steven M. Rice is a partner in Empire Stockbroker Training Institute, one of the country's leading schools for training in the security industry. He is also a highly regarded instructor at Empire. Rice is the author of Securities Industry Essentials Exam For Dummies and Series 7: 1,001 Practice Questions For Dummies.

Introduction 1

Part 1: Gearing Up for the Series 7 Exam 5

Chapter 1: Introducing the Series 7 Exam 7

Chapter 2: Preparing for the Series 7 Exam 19

Chapter 3: Examining and Mastering Question Types 33

Chapter 4: Surviving Test Day 45

Part 2: Mastering Basic Security Investments 51

Chapter 5: Underwriting Securities: Bringing New Issues to Market 53

Chapter 6: Corporate Ownership: Equity Securities 71

Chapter 7: Debt Securities: Corporate and US Government Loans 87

Chapter 8: Municipal Bonds: Local Government Securities 113

Part 3: Delving Deeper into Security Investments 145

Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 147

Chapter 10: Packaged Securities: Open- and Closed-End Funds and Such 171

Chapter 11: Direct Participation Programs: Partnerships 199

Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 211

Part 4: Taking Care of Your Customers and Playing by the Rules 261

Chapter 13: Portfolio and Securities Analysis: Examining Companies and the Market 263

Chapter 14: Going to Market: Orders and Trades 287

Chapter 15: Taxes and Retirement Plans: Making Sure the IRS Gets its Share 309

Chapter 16: Rules and Regulations: No Fooling Around 331

Part 5: A Couple Practice Exams 369

Chapter 17: Practice Exam 1 371

Chapter 18: Answers and Explanations to Practice Exam 1 391

Chapter 19: Practice Exam 2 411

Chapter 20: Answers and Explanations to Practice Exam 2 431

Part 6: The Part of Tens 449

Chapter 21: Ten Series 7 Exam Traps to Avoid 451

Chapter 22: Ten Ways to Start Your Career Off Right 455

Appendix: Important Figures and Formulas 459

Index 461