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Finra Exam Series-7 Topic 5 Question 102 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 102
Topic #: 5
[All Series-7 Questions]

An offering price of 102 plus accrued interest applies to which of the following securities?

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Suggested Answer: D

a fundamental analyst. These analysts are guided by computations about a company's performance using data in annual reports.


by Mindy at Oct 19, 2024, 05:28 AM

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Glynda
10 days ago
Haha, this question is as clear as mud. Maybe the exam writers are just trying to trip us up!
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Colette
12 days ago
This is a tricky one. I'm going to have to do some more research on the pricing conventions for different fixed-income instruments.
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Tennie
29 days ago
Hmm, I thought that only applied to bonds, not short-term securities like CDs or commercial paper.
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Marilynn
24 hours ago
B) certificates of deposit
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Talia
18 days ago
A) treasury bills
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Cherry
2 months ago
I'm pretty sure it's Treasury bills, since they're often quoted at a discount to par value.
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Brock
20 days ago
D) banker's acceptances
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Marguerita
1 months ago
That's correct! Treasury bills are often quoted at a discount to par value.
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Alica
1 months ago
A) treasury bills
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Elli
2 months ago
I'm not sure, but I think it might be C) commercial paper because it is also a short-term debt instrument like treasury bills.
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Lai
2 months ago
I agree with Gaynell, because treasury bills are typically sold at a discount and the offering price includes accrued interest.
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Gaynell
2 months ago
I think it's A) treasury bills.
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