Series-7 Exam Dumps | Bubba wants to buy a $4 convertible preferred with that has a $50 par value and is exchangeable for common

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Question 58/390

Bubba wants to buy a $4 convertible preferred with that has a $50 par value and is exchangeable for common stock at $47.50. If the preferred stock is trading at 52, what does Bubba calculate as the common stock price in order to be at parity with the preferred?

A. 47.50

B. 52.00

C. a little less than 49.38

D. a little more than 54.50

Question List (390q): Question 1: Which of the following are sources of funding for limited pa...; Question 2: The Bubba Corporation is offering stock to the public for th...; Question 3: Which of the following sources provides news of prospective ...; Question 4: Which of the following types of investment companies pays ou...; Question 5: Which of the following option positions is indicative of the...; Question 6: The net investment income of an open-end investment company ...; Question 7: Which of the following statements incorrectly describes US s...; Question 8: For a self-employed individual's retirement plan, ERISA perm...; Question 9: Which of the following is a benefit of Section 8 low-income ...; Question 10: Municipal bond brokers generally conduct the following:...; Question 11: An option that permits the holder to exercise the contract o...; Question 12: Under what circumstances may a municipal securities dealer g...; Question 13: When a corporation dissolves, who gets paid first?...; Question 14: A wealth investor gives Bubba discretion to invest $50,000 f...; Question 15: Which of the following is identified as a funded debt instru...; Question 16: The Securities Act of 1933 provides for:...; Question 17: Bubba has a short margin account with a short market value o...; Question 18: Bubba buys an OTC stock from a firm that is a market -maker ...; Question 19: A market-maker has purchased a particular stock over a perio...; Question 20: Bubba has several accounts at a brokerage firm. 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Bubba's account contains long po...; Question 87: The term "mutual fund" is popularly used for which of the fo...; Question 88: A registered representative is given a limited trading autho...; Question 89: Regulation T is set at 50%. Bubba's account contains long po...; Question 90: Bubba buys a bond issued at par with a 5% coupon that is con...; Question 91: What type of mutual fund would invest in equities and bonds?...; Question 92: The Bubba Corporation has 900,000 of common outstanding and ...; Question 93: The registration requirements of the federal securities acts...; Question 94: Which of the following is true of treasury stock?...; Question 95: Which are the primary considerations in evaluating the worth...; Question 96: Under what conditions may an FINRA member firm sell an IPO t...; Question 97: Which of the following does not issue debt securities that t...; Question 98: All sales literature and advertising relating to investment ...; Question 99: Bubba buys one XYZ September 50 call at $7 and sells one XYZ...; Question 100: What rate of return takes into consideration appreciation or...; Question 101: A registered representative privately assures a customer tha...; Question 102: When a member firm buys or sells securities directly as prin...; Question 103: Under what circumstances may a registered investment company...; Question 104: Which of the following is considered an intangible asset?...; Question 105: Bubba is a registered representative who wishes to buy share...; Question 106: Bubba buys a municipal bond at 102 and holds it ten years to...; Question 107: A syndicate manager has just been informed that its bid has ...; Question 108: Which of the following pays interest at maturity only?...; Question 109: Bubba sells short 100 XYZ at $60 and makes the required Regu...; Question 110: Bubba's margin account has $1,000 of SMA. 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In November,...; Question 171: Who obtains and pays the municipal bond attorney rendering a...; Question 172: Bubba buys 100 shares of XYZ stock at $40 per share and sell...; Question 173: The Bubba Insurance Company is not incorporated. 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Question 58/390

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