Series 7 Exam For Dummies, 4th Edition

Book description

Maximize your score on the Series 7 Exam

The Series 7 exam is a top-off exam taken with the Securities Industry Essentials exam to obtain General Securities Representative registration. This comprehensive guide is the critical reference you need to lead you through your preparation for the Series 7 exam. Packed with the latest information associated with this test, as well as proven test-taking strategies that are focused on maximizing your score, it covers everything you need to know to score your highest on this all-important exam.

The Series 7 exam is no joke — with 125 questions administered in three hours and 45 minutes, this test is certainly a challenge. But with the proper preparation you'll be able to enter the exam room with confidence. 

·         Offers three full-length practice tests with answers and full explanations   

·         Includes one-year access to six full-length tests online 

·         Provides strategies and tips to hone the skills needed to ace the exam

·         Gives you confidence to start your career as a licensed broker    

Series 7 Exam For Dummies, 4th Edition with Online Practice is a fundamental resource that guides you through your preparations for the Series 7 exam.


Table of contents

  1. Cover
  2. Introduction
    1. About This Book
    2. Foolish Assumptions
    3. Icons Used in This Book
    4. Beyond the Book
    5. Where to Go from Here
  3. Part 1: Gearing Up for the Series 7 Exam
    1. Chapter 1: So You Want to Sell Securities: Introducing the Series 7 Exam
      1. What Is the Series 7 Exam, Anyway?
      2. Profiling the Series 7 Exam-Taker
      3. One’s Not Enough: Tackling the Series 63 or Series 66
      4. Securing Sponsorship and Signing Up
      5. Taking a Peek at the Tested Topics
      6. Understanding the Exam Format and Other Exam Details
    2. Chapter 2: Preparing for the Series 7 Exam
      1. Courses and Training Materials: Determining the Best Way to Study
      2. Managing Your Study Time Wisely
      3. Exploring Study Strategies
      4. Developing Solid Test-Taking Skills
      5. Knowing When You’re Ready
    3. Chapter 3: Examining and Mastering Question Types
      1. Familiarizing Yourself with Question Formats
      2. Shredding the Questions: Tips and Tricks
    4. Chapter 4: Surviving Test Day
      1. Composing Yourself the Day Before
      2. Making the Most of the Morning
      3. Arriving on the Scene
      4. Taking the Exam
      5. Getting the Results: Drum Roll Please …
  4. Part 2: Mastering Basic Security Investments
    1. Chapter 5: Underwriting Securities
      1. Bringing New Issues to the Market
      2. Reviewing Exemptions
    2. Chapter 6: Corporate Ownership: Equity Securities
      1. Beginning with the Basics: Common Stock
      2. Getting Preferential Treatment: Preferred Stock
      3. Securities with a Twist
    3. Chapter 7: Debt Securities: Corporate and U.S. Government Loans
      1. Tackling Bond Terms, Types, and Traits
      2. Making Basic Bond Price and Yield Calculations
      3. Determining the Best Investment: Comparing Bonds
      4. Exploring U.S. Government Securities
      5. Playing It Safe: Short-Term Loans or Money Market Instruments
    4. Chapter 8: Municipal Bonds: Local Government Securities
      1. General Obligation Bonds: Backing Bonds with Taxes
      2. Revenue Bonds: Raising Money for Utilities and Such
      3. The Primary Market: Bringing New Municipal Bonds to Market
      4. Examining Other Types of Municipal Bonds on the Test
      5. Don’t Forget Municipal Notes!
      6. Municipal Fund Securities
      7. Understanding the Taxes on Municipal Bonds
      8. Following Municipal Bond Rules
      9. Gathering More Municipal Bond Info
  5. Part 3: Delving Deeper into Security Investments
    1. Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts
      1. Getting the Paperwork Out of the Way
      2. Introducing Long and Short Margin Accounts
      3. Playing by the Federal Reserve Board’s Rules
      4. Opening a Margin Account: The Initial Requirements
      5. Calculating Debit and Equity in Long Margin Accounts
      6. Making Short Work of Calculations in Short Margin Accounts
      7. Let the Good Times Roll: Handling Excess Equity
      8. Looking at Limits When the Market Goes the Wrong Way
    2. Chapter 10: Delivering Diversification with Packaged Securities
      1. Diversifying through Management Investment Companies
      2. Considering Other Investment Company Options
      3. Reducing Real Estate Risk with REITs
      4. Adding Annuities to a Portfolio
      5. Exploring Variable Life and Variable Universal Life Insurance
      6. Investment Company Rules
    3. Chapter 11: Working with Direct Participation Programs
      1. Searching for Identity: What DPPs Are (and Aren’t)
      2. The DPP Characters: General and Limited Partners
      3. Pushing through Partnership Paperwork
      4. Types of DPP Offerings
      5. Passive Income and Losses: Looking at Taxes on Partnerships
      6. Evaluating Direct Participation Programs
    4. Chapter 12: Options: The Right to Buy or Sell at a Fixed Price
      1. Brushing Up on Option Basics
      2. Incorporating Standard Option Math
      3. Mastering Complex Option Calculations
      4. Nonequity Options
      5. Gaining Additional Option Info
  6. Part 4: Taking Care of Your Customers and Playing by the Rules
    1. Chapter 13: Doing a Little Market Research: Portfolio and Securities Analysis
      1. Knowing Your Customer: Portfolio Analysis
      2. Knowing Your Securities and Markets: Securities Analysis
    2. Chapter 14: Going to Market: Orders and Trades
      1. Shopping at Primary and Secondary Markets
      2. Making the Trade
      3. Understanding the Role of a Broker-Dealer
      4. Receiving Orders from Customers
      5. Designated Market Maker and the Super Display Book (SDBK)
    3. Chapter 15: Making Sure the IRS Gets Its Share
      1. Everything in Its Place: Checking Out Tax and Income Categories
      2. Noting Taxes on Investments
      3. Presenting Gift and Estate Tax Rules
      4. Exploring Retirement Plans
    4. Chapter 16: No Fooling Around: Rules and Regulations
      1. The Market Watchdogs: Securities Regulatory Organizations
      2. Following Protocol When Opening Accounts
      3. Trading by the Book When the Account Is Open
      4. Committing Other Important Rules to Memory
  7. Part 5: A Couple Practice Exams
    1. Chapter 17: Practice Exam 1
      1. Practice Exam 1 Answer Sheet
    2. Chapter 18: Answers and Explanations to Practice Exam 1
      1. Making the Grade
      2. Answer Key for Practice Exam 1
    3. Chapter 19: Practice Exam 2
      1. Practice Exam Part 2 Answer Sheet
    4. Chapter 20: Answers and Explanations to Practice Exam 2
      1. Knowing the Score
      2. Answer Key for Practice Exam 2
  8. Part 6: The Part of Tens
    1. Chapter 21: Ten Series 7 Exam Traps to Avoid
      1. Easing Up on the Studying
      2. Assuming the Question’s Intent
      3. Reading into the Question
      4. Becoming Distracted When Others Finish
      5. Not Dressing for Comfort
      6. Forgetting to Breathe
      7. Trying to Work Out Equations in Your Head Instead of Writing Them Down
      8. Spending Too Much Time on One Question
      9. Changing Your Answers for the Wrong Reasons
      10. Calculating Your Final Score Prematurely
    2. Chapter 22: Ten Ways to Start Your Career Off Right
      1. Win at the Numbers Game
      2. Be an Apprentice
      3. Do Your Homework
      4. Treat the Minnow like a Whale
      5. Smile When You Dial
      6. When a Security Falls, Don’t Be a Stranger
      7. Put In the Hours
      8. Broaden Your Horizons
      9. Pay Yourself First
      10. Set Some Goals: The Brass Ring
  9. Appendix: Important Figures and Formulas
  10. Index
  11. About the Author
  12. Advertisement Page
  13. Connect with Dummies
  14. End User License Agreement

Product information

  • Title: Series 7 Exam For Dummies, 4th Edition
  • Author(s): Steven M. Rice
  • Release date: March 2019
  • Publisher(s): For Dummies
  • ISBN: 9781119545040