Finra Exam Series-7 Topic 5 Question 92 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 92
Topic #: 5

What is the term applied to a classification of CMO securities having a stated maturity, average life, and estimated yield?

Atranche

Btier

Cbracket

Dbucket

Show Suggested Answer

Suggested Answer: C

it is unchanged. The debentures add to liabilities and to cash (an asset) received from the sale. There is no effect on net worth.

by Ardella at Jul 11, 2024, 05:32 PM

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4 days ago

I'm not sure, but I think it could also be tier because it relates to levels of securities.

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5 days ago

I agree with Theron, tranche makes sense for that classification.

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10 days ago

I think the term is tranche.

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