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?

Atreasury bills

Bcertificates of deposit

Ccommercial paper

Dbanker's acceptances

Show Suggested Answer

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

2 months ago

Haha, this question is as clear as mud. Maybe the exam writers are just trying to trip us up!

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Raylene

26 days ago

C) commercial paper

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Gracia

27 days ago

B) certificates of deposit

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Glory

2 months ago

A) treasury bills

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Colette

2 months 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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Nicholle

1 months ago

D) banker's acceptances

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Lizbeth

1 months ago

C) commercial paper

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Alison

1 months ago

B) certificates of deposit

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Han

1 months ago

A) treasury bills

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Tennie

3 months ago

Hmm, I thought that only applied to bonds, not short-term securities like CDs or commercial paper.

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Bo

1 months ago

D) banker's acceptances

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Eun

1 months ago

C) commercial paper

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Marilynn

2 months ago

B) certificates of deposit

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Talia

2 months ago

A) treasury bills

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Cherry

3 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

2 months ago

D) banker's acceptances

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Marguerita

3 months ago

That's correct! Treasury bills are often quoted at a discount to par value.

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Alica

3 months ago

A) treasury bills

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Elli

3 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

3 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

4 months ago

I think it's A) treasury bills.

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