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Series 7 Exam For Dummies, with Online Practice Tests, 3rd Edition

Series 7 Exam For Dummies, with Online Practice Tests, 3rd Edition

Steven M. Rice

ISBN: 978-1-119-10375-2 January 2016 384 Pages


In Stock



Take your Series 7 exam preparation to the next level

Knowing exactly what to study for any exam is daunting. There's so much information out there, how can you possibly know what will be on the test? Series 7 Exam For Dummies, 3rd Edition with Online Practice Tests is a critical reference if you're prepping for your Series 7 examination. Packed with the latest information associated with this test, as well as proven test-taking strategies that are focused on maximizing your score, this easy-to-use and comprehensive text has been updated to support you in your test taking preparations.

The Series 7 exam is no joke — with 250 questions administered in two three-hour blocks, this test is certainly a challenge. Studying for your Series 7 can be intimidating, but with the proper preparation you'll be able to enter the exam room with confidence.

  • Put your knowledge to the test with two full-length practices tests and answers, which include full explanations to improve your understanding of the content
  • Access an additional full-length practice test and other study tools online
  • Leverage proven strategies and tips that will guide you in honing your test-taking skills
  • Build up the confidence you need to enter the exam with self-assurance and start your career as a licensed broker on the right foot

Series 7 Exam For Dummies, 3rd Edition with Online Practice Tests is a fundamental resource that guides you through your preparations for the Series 7 exam.

Introduction 1

Part I: Getting Started with 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 19

Chapter 3: Examining and Mastering Question Types 31

Chapter 4: Surviving Test Day 43

Part II: Mastering Basic Security Investments 49

Chapter 5: Underwriting Securities 51

Chapter 6: Corporate Ownership: Equity Securities 63

Chapter 7: Debt Securities: Corporate and U.S. Government Loans 75

Chapter 8: Municipal Bonds: Local Government Securities 95

Part III: Delving Deeper: Security Investments with a Twist 111

Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 113

Chapter 10: Delivering Diversification with Packaged Securities 131

Chapter 11: Working with Direct Participation Programs 145

Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 155

Part IV: Playing Nicely: Serving Your Customers and Following the Rules 185

Chapter 13: Doing a Little Market Research: Portfolio and Securities Analysis 187

Chapter 14: Going to Market: Orders and Trades 205

Chapter 15: Making Sure the IRS Gets Its Share 219

Chapter 16: No Fooling Around: Rules and Regulations 231

Part V: Putting Your Knowledge to Good Use: A Practice Exam 253

Chapter 17: Bring It On: Practice Exam Part I 255

Chapter 18: Answers and Explanations to Practice Exam Part I 275

Chapter 19: Nothing but Net: Practice Exam Part II 295

Chapter 20: Answers and Explanations to Practice Exam Part II 313

Part VI: The Part of Tens 331

Chapter 21: Ten Series 7 Exam Traps to Avoid 333

Chapter 22: Ten Ways to Start Your Career Off Right 337

Appendix: Memorizing Important Figures and Formulas 341

Index 343