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Series 7 Exam For Dummies, Premier 2nd Edition

ISBN: 978-1-118-11757-6
384 pages
December 2012
Series 7 Exam For Dummies, Premier 2nd Edition (1118117573) cover image
The fast and easy way to score high at exam time

Series 7 Exam For Dummies, Premier Edition includes all the help you need to pass your Series 7 exam and to reach your goal of being a stockbroker and selling securities. But the road to stock broker success isn't easy. First, you must first pass the Series 7 exam—a 6-hour, 250-question monstrosity. Unlike many standardized tests, the Series 7 exam is harder than it seems.

Luckily, there's Series 7 Exam For Dummies Premier—the perfect guide that not only shows you how to think like a financial advisor but also like the test designers. This Premier Edition of our Series 7 test guide includes 4 full-length practice exams (2 more than our standard edition).

Rather than an all-encompassing, comprehensive textbook, this guide covers only what's on the test, offering formulas, tips, and basic info you need to study. It empowers you with the ability to think each problem through and get to the bottom of what's being asked, providing you with everything you need and want to know.

  • Distribution of profits
  • Types of securities offerings
  • Investing in all types of stock
  • Bond types, prices, yields, and risks
  • Handling margin accounts
  • Characteristics of different investment companies
  • Direct Participation Programs and other types of partnerships
  • Option selling, buying, and trading
  • Security analysis and security markets

Whether you're preparing to take the test for the first time or the fourth time, Series 7 For Dummies is the book for you!

CD-ROM/DVD and other supplementary materials are not included as part of the e-book file, but are available for download after purchase.

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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

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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.

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