In order to become a stockbroker and sell securities, you must first pass the Series 7 examβa 6-hour, 250-question monstrosity. Unlike many standardized tests, the Series 7 exam is harder than it seems, and people who score below 70% must retake the test, having to wait at least a month before retaking it and paying hefty registration fees.
Luckily, thereβs Series 7 Exam For Dummies βthe perfect guide that not only shows you how to think like a financial advisor but also like the test designers. Rather than an all-encompassing, comprehensive textbook, this guide covers only whatβs on the test, offering formulas, tips, and basic info you need to study. It empowers you with the ability to think each problem through and get to the bottom of whatβs being asked, providing you with everything you need and want to know about:
- Distribution of profits
- Types of securities offerings
- Investing in all types of stock
- Bond types, prices, yields, and risks
- Handling margin accounts
- Characteristics of different investment companies
- Direct Participation Programs and other types of partnerships
- Option selling, buying, and trading
- Security analysis and security markets
Packed with valuable information and know-how, this no-nonsense guide provides a full-length practice exam with answers and explanations. A bonus CD with another simulated practice test is also included. Whether youβre preparing to take the test for the first time or the fourth time, Series 7 For Dummies is the book for you!
Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.