Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Finra Exam Series-7 Topic 6 Question 100 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 100
Topic #: 6
[All Series-7 Questions]

Bubba's order to purchase investment company shares must be executed at a price based upon the net asset value of the shares:

Show Suggested Answer Hide Answer
Suggested Answer: D

0.7435. The put protects against a decline in the exchange rate for Canadian dollars. However, the cost of the put raises the breakeven point to 0.7435 (0.7400 + 0.0035).


by Nickie at Sep 18, 2024, 08:53 PM

Limited Time Offer

25%

Off

Get Premium Series-7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Carey
23 days ago
Bubba's going to need a bigger order to get a good deal on these investment shares. Maybe he should try the discount bin instead!
upvoted 0 times
...
Eileen
1 months ago
This is a tough one. I'm torn between B and D. I guess I'll go with B, since it seems more logical to use the last computed price rather than waiting for a new one.
upvoted 0 times
Harrison
7 days ago
I see your point, but I still think D is the better choice in this scenario.
upvoted 0 times
...
Ollie
9 days ago
But wouldn't it be more accurate to use the last computed price before receiving the order?
upvoted 0 times
...
Beckie
29 days ago
I agree, it makes sense to use the most up-to-date information for the transaction.
upvoted 0 times
...
Arminda
1 months ago
I think it's D, the price should be computed the same day the order is received.
upvoted 0 times
...
...
Salome
1 months ago
I'm not sure, but I think it makes sense for the price to be based on the most recent computation, so I agree with Penney.
upvoted 0 times
...
Penney
2 months ago
I disagree, I believe the answer is D) computed the same day the order is received by the dealer.
upvoted 0 times
...
Zita
2 months ago
I think the answer is B) last computed before receipt of the order by the dealer.
upvoted 0 times
...
Marvel
2 months ago
Hmm, I'm not sure about this one. Maybe A) next computed after receipt of the order by the dealer? That would ensure the most up-to-date pricing, right?
upvoted 0 times
Martina
21 days ago
I agree, it would be best to have the price based on the most recent net asset value of the shares.
upvoted 0 times
...
Maryanne
23 days ago
I think you're right, A) next computed after receipt of the order by the dealer makes sense for accurate pricing.
upvoted 0 times
...
...
Roxane
2 months ago
D) computed the same day the order is received by the dealer seems like the obvious choice to me. Why would they use a price that's not current?
upvoted 0 times
...
Lauryn
2 months ago
I think the correct answer is B) last computed before receipt of the order by the dealer. It makes sense that the price should be based on the most recent net asset value, not something from the previous day or a future computation.
upvoted 0 times
Fernanda
9 days ago
I see your point, but I still think it's A) next computed after receipt of the order.
upvoted 0 times
...
Blossom
13 days ago
Actually, I believe it's B) last computed before receipt of the order by the dealer.
upvoted 0 times
...
Annalee
23 days ago
I think it's A) next computed after receipt of the order by the dealer.
upvoted 0 times
...
Johnetta
24 days ago
I agree, the price should be based on the most recent net asset value.
upvoted 0 times
...
...

Save Cancel