Finra Exam Series-7 Topic 4 Question 77 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 77
Topic #: 4

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

Aconvertible subordinated debentures

Bcollateral trust bonds

Cadjustment bonds

Dequipment trust certificates

Show Suggested Answer

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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Viva

4 days 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

7 days ago

I'm not sure, but I think it might be D) equipment trust certificates.

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Wilson

13 days ago

I agree with Marti, adjustment bonds don't require interest payments.

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Marti

17 days ago

I think the answer is C) adjustment bonds.

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