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Finra Series-7 Exam - 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

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Aja
4 months ago
A is correct, just read the rules!
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Tamra
4 months ago
Wait, are you sure it's not D? That sounds right to me.
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Chau
4 months ago
C seems outdated, who uses previous day’s close?
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Vicky
5 months ago
I think it's B, last computed makes more sense.
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Lisha
5 months ago
It's definitely A, that's how NAV works!
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Candida
5 months ago
I’m a bit confused about the timing. Wasn’t there something about the NAV being computed at the close of the NYSE? That might relate to option C.
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Britt
5 months ago
I feel like it might be option D since it says "computed the same day." That seems to make sense for timely execution.
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Glen
5 months ago
I remember a practice question where it mentioned the last computed NAV before the order was received. Could that be option B?
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Clement
5 months ago
I think the price is based on the net asset value computed after the order is received, but I'm not entirely sure.
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Ty
5 months ago
I'm feeling pretty confident about this. The question is asking about when the net asset value is calculated, and based on my understanding, it's the next computed value after the order is received. Option A is the right answer.
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Marleen
5 months ago
I'm a bit confused on this one. I'm not sure if the net asset value is computed next after the order, or the previous day. I'll need to double-check the details.
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Tamala
5 months ago
Okay, let's see... I think the key here is understanding when the net asset value is computed. I'll need to review that concept.
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Delbert
5 months ago
Hmm, this seems like a tricky one. I'll need to think through the timing of the net asset value calculation carefully.
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Ocie
6 months ago
Alright, I've got this. The net asset value is computed next after the order is received by the dealer. Option A is the answer.
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Carey
10 months 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!
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Myrtie
9 months ago
D) computed the same day the order is received by the dealer
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Kenneth
9 months ago
Bubba should wait for the next computation to get a good price.
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Judy
9 months ago
A) next computed after receipt of the order by the dealer
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Eileen
11 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.
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Harrison
10 months ago
I see your point, but I still think D is the better choice in this scenario.
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Ollie
10 months ago
But wouldn't it be more accurate to use the last computed price before receiving the order?
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Beckie
11 months ago
I agree, it makes sense to use the most up-to-date information for the transaction.
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Arminda
11 months ago
I think it's D, the price should be computed the same day the order is received.
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Salome
11 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.
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Penney
11 months ago
I disagree, I believe the answer is D) computed the same day the order is received by the dealer.
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Zita
11 months ago
I think the answer is B) last computed before receipt of the order by the dealer.
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Marvel
11 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?
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Martina
10 months ago
I agree, it would be best to have the price based on the most recent net asset value of the shares.
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Maryanne
10 months ago
I think you're right, A) next computed after receipt of the order by the dealer makes sense for accurate pricing.
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Roxane
11 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?
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Lauryn
12 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.
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Fernanda
10 months ago
I see your point, but I still think it's A) next computed after receipt of the order.
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Blossom
10 months ago
Actually, I believe it's B) last computed before receipt of the order by the dealer.
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Annalee
10 months ago
I think it's A) next computed after receipt of the order by the dealer.
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Johnetta
11 months ago
I agree, the price should be based on the most recent net asset value.
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