Series 7 Exam 2024-2025 For Dummies (+ 6 Practice Tests Online)

Pass the Series 7 on your first try, thanks to this Dummies study guide

Series 7 Exam 2024-2025 For Dummies gives you the tips, tricks, and practice you need to pass this notorious securities exam and obtain your General Securities Representative license. This updated edition helps you prep for the current exam, and it includes coverage of the latest tax law changes. You'll also find study plans that will help you budget your time, whether you have 8, 4, or 2 weeks to study or are down to crunch time and have just days to prepare for the exam.. And when test day finally rolls around, you’ll be ready, thanks to six online practice tests and tons of tips and strategies for success. Your career in finance starts here.

• Learn about the Series 7 exam and review the content you’ll need to know
• Prepare with 6 online practice tests and with complete answer explanations and walk-throughs
• Study wisely with detailed plans showing you how to best manage your time
• Pass the dreaded Series 7 and launch your career in finance

Anyone looking to become a licensed securities broker needs to pass the Series 7—and can pass the Series 7, Dummies-style.

Steven M. Rice is a partner in Empire Stockbroker Training Institute, one of the country’s leading schools for training in the security industry. He is also a highly regarded instructor at Empire. Rice is the author of Securities Industry Essentials Exam For Dummies and Series 7: 1,001 Practice Questions For Dummies.

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 US Government Loans 87

Chapter 8: Municipal Bonds: Local Government Securities 113

Part 3: Delving Deeper into Security Investments 145

Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 147

Chapter 10: Packaged Securities: Open- and Closed-End Funds and Such 171

Chapter 11: Direct Participation Programs: Partnerships 199

Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 211

Part 4: Taking Care of Your Customers and Playing by the Rules 261

Chapter 13: Portfolio and Securities Analysis: Examining Companies and the Market 263

Chapter 14: Going to Market: Orders and Trades 287

Chapter 15: Taxes and Retirement Plans: Making Sure the IRS Gets its Share 309

Chapter 16: Rules and Regulations: No Fooling Around 331

Part 5: A Couple Practice Exams 369

Chapter 17: Practice Exam 1 371

Chapter 18: Answers and Explanations to Practice Exam 1 391

Chapter 19: Practice Exam 2 411

Chapter 20: Answers and Explanations to Practice Exam 2 431

Part 6: The Part of Tens 449

Chapter 21: Ten Series 7 Exam Traps to Avoid 451

Chapter 22: Ten Ways to Start Your Career Off Right 455

Appendix: Important Figures and Formulas 459

Index 461 

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