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Series-7 – General Securities Representative Qualification Examination (GS)

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Showing 13–15 of 15 questions

Question 13

What percentage of maintenance charges and debt service are covered by the rate covenant of a revenue bond issued to finance a municipal toll road?

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    75%
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    100%
  • ○

    120%
  • ○

    150%

Question 14

A 5% markup policy applies to:

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    riskless transactions
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    primary distributions
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    registered secondaries
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    mutual funds
Question 15

The net investment income of an open-end investment company represents:

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    net income from dividends and interest paid on securities in the fund’s portfolio
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    net gains on sales of portfolio securities
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    dividends, interest, and net gains on sales of securities
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    net profits from the investment company operation