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Launch your securities career with the Series 7 If you want to trade securities for a living, you've got to pass the Series 7. With
Series 7 Exam For Dummies, you can. This guide is the best way to prep for the notoriously difficult exam. You'll review basic and advanced security investments, portfolio analysis, making trades, and all the regulations you need to know. You'll also get access to six online practice tests, up-to-date study plans, and must-know tips and strategies for test day. That's everything you need to succeed and start crunching the numbers.
Inside... - Full-length practice tests with clear answer explanations
- Customizable study plans
- Series 7 Exam question types
- Common traps and how to avoid them
- Underwriting, equity, debt, and government securities
- Funds, partnerships, and options
List of contents
Introduction 1
Part 1: Gearing Up for the Series 7 Exam 5 Chapter 1: Introducing the Series 7 Exam 7
Chapter 2: Preparing for the Series 7 Exam 19
Chapter 3: Examining and Mastering Question Types 33
Chapter 4: Surviving Test Day 45
Part 2: Mastering Basic Security Investments 51 Chapter 5: Underwriting Securities: Bringing New Issues to Market 53
Chapter 6: Corporate Ownership: Equity Securities 71
Chapter 7: Debt Securities: Corporate and U.S Government Loans 87
Chapter 8: Municipal Bonds: Local Government Securities 111
Part 3: Delving Deeper into Security Investments 143 Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 145
Chapter 10: Packaged Securities: Open- and Closed-End Funds and Such 167
Chapter 11: Direct Participation Programs: Partnerships 193
Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 205
Part 4: Taking Care of Your Customers and Playing by the Rules 251 Chapter 13: Portfolio and Securities Analysis: Examining Companies and the Market 253
Chapter 14: Going to Market: Orders and Trades 275
Chapter 15: Taxes and Retirement Plans: Making Sure the IRS Gets Its Share 293
Chapter 16: Rules and Regulations: No Fooling Around 315
Part 5: A Couple Practice Exams 351 Chapter 17: Practice Exam 1 353
Chapter 18: Answers and Explanations to Practice Exam 1 373
Chapter 19: Practice Exam 2 393
Chapter 20: Answers and Explanations to Practice Exam 2 413
Part 6: The Part of Tens 431 Chapter 21: Ten Series 7 Exam Traps to Avoid 433
Chapter 22: Ten Ways to Start Your Career Off Right 437
Appendix: Important Figures and Formulas 441
Index 443
