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Series 7 Exam For Dummies

Series 7 Exam For Dummies

Steven M. Rice

ISBN: 978-0-470-16584-3

Mar 2007

356 pages

Select type: E-Book


Product not available for purchase


In order to become a stockbroker and sell securities, 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, and people who score below 70% must retake the test, having to wait at least a month before retaking it and paying hefty registration fees.

Luckily, there’s Series 7 Exam For Dummies—the perfect guide that not only shows you how to think like a financial advisor but also like the test designers. 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 about:

  • 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

Packed with valuable information and know-how, this no-nonsense guide provides a full-length practice exam with answers and explanations. A bonus CD with another simulated practice test is also included. 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!

Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.


Part I: Gearing Up for the Series 7 Exam.

Chapter 1: So You Want to Sell Securities: Introducing the Series 7 Exam.

Chapter 2: Preparing for the Series 7 Exam.

Chapter 3: Examining Question Types and How to Master Them.

Chapter 4: Surviving Test Day.

Part II: Mastering Basic Security Investments.

Chapter 5: Underwriting Securities.

Chapter 6: Corporate Ownership: Equity Securities.

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

Chapter 8: Municipal Bonds: Local Government Securities.

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

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

Chapter 10: Delivering Diversification with Packaged Securities.

Chapter 11: Working with Direct Participation Programs.

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

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

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

Chapter 14: Going to Market: Orders and Trades.

Chapter 15: Making Sure the IRS Gets Its Share.

Chapter 16: No Fooling Around: Rules and Regulations.

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

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

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

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

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

Part VI: The Part of Tens.

Chapter 21: Ten Series 7 Exam Traps to Avoid.

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

Appendix: About the CD.