QUESTION 6

Common stockholders of PXPX Corporation have which of the following rights and privileges?

A residual claim to assets at the dissolution

The right to receive an audited financial report weekly

The right to vote for cash dividends to be paid

The right to vote for stock dividends to be paid

1 points

QUESTION 7

RANs, BANs, TANs, and CLNs are issued by municipalities seeking

the approval of the SEC

to ensure their municipal securities

short-term financing

long-term financing

1 points

QUESTION 8

Which type of margin account requires minimum equity of $25,000?

A portfolio margin account

A day-trading account

A short account

A corporate account

1 points

QUESTION 9

An investor buys 100 shares of common stock of T-Prompters, Inc. at $15per share. Six months later, T-Prompter Inc. is trading at 12.4012.65, and the registered representative offers to purchase the 100 shares back from the investor for his own account at $14.25 per share. This procedure is

prohibited because it is a guarantee against a loss

prohibited because it violates the Code of Procedure

permitted by FINRA rules

permitted with the written permission of a manager of the firm