SIE

SIE practice questions, page 3 of 4, with answer review and explanations.

Question 11

A bond has a current market price of $1,000 and pays $25 every six months. What is the current yield of the bond?

  1. 2.5%
  2. 4.0%
  3. 5.0%
  4. 6.0%

Question 12

Which of the following entities is a self-regulatory organization (SRO) that enforces the rules of the MSRB?

  1. Cboe
  2. FINRA
  3. The SEC
  4. The MSRB

Question 13

Telemarketing rules require which of the following provisions to be in place to be compliant?

  1. The broker-dealer (BD) adds to a registry, within 45 days, the names of those who have expressed a wish not to be called.
  2. The BD's registered representatives (RRs) reference the National Do Not Call Registry from a list updated no more than 30 days ago.
  3. An RR adds a name to the BD's do-not-call registry, which restricts calls for up to five years.
  4. Each RR engaged in telemarketing relies exclusively on a personal list of persons who have expressed a wish not to be called.

Question 14

A buyer purchases Treasury notes from a broker-dealer's inventory. In a regular way settlement transaction, when is the buyer required to pay for the securities?

  1. T
  2. T + 1
  3. T + 2
  4. When the securities are issued

Question 15

Which of the following U.S. government securities do not trade in the secondary market?

  1. Treasury bills
  2. Treasury notes
  3. Agency bonds
  4. Series I savings bonds