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Finra Exam Series-7 Topic 4 Question 77 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 77
Topic #: 4
[All Series-7 Questions]

Although a corporation has no earnings in a particular year, it is obligated to pay interest on all its outstanding debt except the following:

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Suggested Answer: D

predictions of recession in the economy. All of the other choices are technical market indicators. An economic forecast is ''fundamental'' market data.


by Deonna at Nov 24, 2023, 02:17 AM

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Therese
1 months ago
Wait, there's no option for 'all of the above'? That's usually the right answer in these types of exams!
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Herminia
2 days ago
I'll go with option C) adjustment bonds.
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Son
4 days ago
Yeah, it seems like we have to choose the specific type of debt that does not require interest payment.
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Queenie
7 days ago
I think 'all of the above' is not an option in this case.
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Martina
21 days ago
D) equipment trust certificates
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Cristal
23 days ago
C) adjustment bonds
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Casey
28 days ago
B) collateral trust bonds
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Jerilyn
1 months ago
A) convertible subordinated debentures
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Ariel
2 months ago
Haha, I bet the finance team at the company is really hoping their equipment trust certificates are the answer. Gotta love those loopholes!
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Francine
24 days ago
C) adjustment bonds
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Meghan
1 months ago
B) collateral trust bonds
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Carlee
1 months ago
A) convertible subordinated debentures
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Lavera
2 months ago
Ah, this is a tricky one. I think the answer might be A. Convertible subordinated debentures have a different set of rules when it comes to interest payments.
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Diane
2 months ago
I'm leaning towards B. Collateral trust bonds seem like the most logical exception here.
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Freida
9 days ago
Yes, I think B is the correct answer.
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Corazon
10 days ago
I agree, B does seem like the most logical exception.
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Nana
11 days ago
D) equipment trust certificates
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Delila
15 days ago
C) adjustment bonds
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Paulina
16 days ago
B) collateral trust bonds
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Miesha
17 days ago
A) convertible subordinated debentures
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Chantell
19 days ago
Yes, collateral trust bonds are typically secured by assets, so it makes sense that they wouldn't require interest payments in a year with no earnings.
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Sharen
23 days ago
I agree, B does seem like the most logical exception.
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Blair
24 days ago
D) equipment trust certificates
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Dalene
28 days ago
C) adjustment bonds
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Gregoria
29 days ago
B) collateral trust bonds
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Jacqueline
1 months ago
A) convertible subordinated debentures
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Viva
2 months ago
Hmm, I'm pretty sure the answer is D. Equipment trust certificates are typically exempt from interest payments when a corporation has no earnings.
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Marvel
2 months ago
I'm not sure, but I think it might be D) equipment trust certificates.
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Wilson
2 months ago
I agree with Marti, adjustment bonds don't require interest payments.
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Marti
2 months ago
I think the answer is C) adjustment bonds.
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