# Test Prep

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### How to Calculate Profit or Loss for Investor Trading Options on the Series 7 Exam

On the Series 7, not only do you need to know the difference between opening and closing transactions, but you also have to be able to calculate the profit or loss for an investor trading options. This

### How to Calculate Long Straddles and Combinations on the Series 7 Exam

Be prepared to answer questions for the Series 7 dealing with Long Straddles and Combinations. Straddles are option positions in which the investor buys a call and a put or sells a call and a put on the

### How to Calculate Short Straddles and Combinations for the Series 7 Exam

The Series 7 will expect you to understand short positions. Short positions involve selling a call and a put with the same underlying stock. In straddles, the calls and puts have the same strike price

### How to Determine the Break-Even Point for Spreads on the Series 7 Exam

The Series 7 will have questions that ask you to calculate the break-even point for spreads. The thought process is different for puts and calls, but either way, you begin by finding the difference between

### How to Determine a Spread Position Maximum Gain (Loss) on the Series 7 Exam

Investors create a spread position by buying an option and selling an option on the same underlying security. The Series 7 will test your knowledge of these spread positions. The maximum gain or loss with

### How to Determine the Maximum Gain (Loss) for Option Contracts on the Series 7 Exam

Option contracts offer investors security and the Series 7 will expect you to be able to determine the maximum gain and loss for these. When an investor purchases or sells option contracts on securities

### What You Should Know About Dividends and Splits for the Series 7 Exam

The Series 7 will doubtless expect you to know how an option contract is adjusted for corporate actions such as a company declaring a dividend or splitting its stock. Begin with the basics and move forward

### Investment Objectives Covered on the Series 7 Exam

Investments aren’t exactly one-size-fits-all, so asking a client about his investment objectives can be a real help for the Series 7 and the real world. As a financial expert, you’ll likely have to help

### What You Should Know About Money Supply for the Series 7 Exam

Changes in money supply can affect rates of economic growth, inflation, and foreign exchange. Knowing about monetary policy can help you for the Series 7 and predict how certain securities will fare and

### How to Handle Limit and Stop Orders on the Series 7 Exam

Here’s where the rubber meets the road. The Series 7 will expect you to know all about limit and stop orders. You can receive several types of orders from customers along with numerous order qualifiers

### How to Read the Ticker Tape for the Series 7 Exam

The ticker tape is a must know for the Series 7. It is also known as the consolidated tape. For subscribers, the tape delivers real-time (within 90 seconds) reports of securities transactions as they occur

### How to Determine Capital Gains and Losses on the Series 7 Exam

Capital gains are profits made when selling a security, and capital losses are losses incurred when selling a security. The Series 7 will test your knowledge of these profits and losses. To determine whether

### How to Calculate Accretion and Amortization on the Series 7 Exam

The Series 7 exam will ask you questions about calculating accretion and amortization. You use accretion and amortization when figuring out taxes on bonds; you simply adjust the cost of the bond toward

### Medical School Entry Tests: UKCAT and BMAT

Many medical schools require applicants to sit the UKCAT or BMAT as part of their selection procedures. Familiarity with the kind of questions you’ll face in these tests is crucial to scoring well.

### Ten Things You Should Do the Night before a Test

Everything worth doing benefits from proper planning, and taking a test is no exception. The last chance a student has to influence the outcome of a test is the night before they take it. Here are ten

### Guidelines for Answering GMAT Integrated Reasoning Questions

The GMAT integrated reasoning questions test how well you apply logical reasoning to real-life situations. Here are some tips to guide you through this unusual section of questions:

### Items You Should Take to the GMAT

Forget your calculator when you take the GMAT. The only things you need to bring with you to the test, besides a confident attitude and a good night's sleep, are

### GMAT Math Question Tricks and Tips

Does the thought of taking the GMAT math test make you break out in a cold sweat? Relax, and use these tips and tricks to help you tackle the math section of the GMAT:

### Tips and Tricks for GMAT Critical Reasoning Questions

The critical reasoning questions on the GMAT are all about using logic. To maximize your potential on the critical reasoning questions in the verbal section of the GMAT, use these helpful techniques:

### Helpful Hints for GMAT Sentence Correction Questions

The sentence correction questions on the GMAT test your ability to edit written material. Apply the basic rules of English and focus on these guidelines to master the sentence correction questions:

### Tips for the GMAT Reading Comprehension Questions

GMAT reading questions are designed to test how well you extract information from a passage. So follow these suggestions when answering the reading comprehension questions in the verbal section of the

### Tricks for the GMAT Analytical Writing Assessment

The first section of the GMAT requires you to type an original analytical writing sample. To make the most of your essay, follow these recommendations:

### GMAT For Dummies Cheat Sheet

When you take the GMAT, make sure you take the required items with you to the test. Use these guidelines to help you get through the math, critical reasoning, sentence correction, and reading comprehensions

### Ten Tips for Taking the SAT

SAT scores weigh heavily as colleges make admission decisions. Any one — from the best test takers to those who think test is a “four letter word” — can raise their SAT scores by absorbing these ten tips

### Practice Dermatology Questions on the Physician Assistant Exam

From rashes to eczema and bacterial infections to viral exanthems, these practice questions are similar to the dermatology questions on the Physician Assistant Exam

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