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### 103 results for "Steven M. Rice"

• #### Special Memorandum Account (SMA) Calculations on the Series 7 Exam

The Series 7 will expect you to know the skinny on SMA’s. A special memorandum account (SMA) is a line of credit that a customer can borrow from his margin account or use to purchase more securities on

Found in: Series 7 Exam
• #### 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

Found in: Series 7 Exam
• #### How to Calculate Short Margin Accounts on the Series 7 Exam

On the Series 7 exam, you may be asked to calculate the numbers in a short margin account. You have to start by setting up the formula correctly. The basic short margin account formula is as follows:

Found in: Series 7 Exam
• #### How to Analyze General Obligation Bonds on the Series 7 Exam

The Series 7 exam tests your ability to analyze different types of municipal securities and help a customer make a decision that best suits her needs. Because they’re backed by taxes rather than sales

Found in: Series 7 Exam
• #### Information about Dividends Needed for the Series 7 Exam

Dividends may be in the form of cash, stock, or product. However, cash dividends are the only ones that are taxable in the year that they're received. The following discussion is about dividends in cash

Found in: Series 7 Exam
• #### Setting Yourself Up for Success on the Series 7 Exam

Test taking is a skill. It is important that you take a lot of practice exams before attempting the real deal Series 7. And take the practice exams as much like the real exam as possible. This means timing

Found in: Series 7 Exam
• #### How to Calculate the Numbers in Long Margin Accounts on the Series 7 Exam

The Series 7 asks you to calculate the numbers in a long margin account, which isn’t too difficult if you take it one step at a time. The basic long margin account formula is as follows:

Found in: Series 7 Exam
• #### 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

Found in: Series 7 Exam
• #### Anti-Money-Laundering Rules You Need to Know for the Series 7 Exam

The Bank Secrecy Act establishes the U.S. Treasury Department as the regulator for anti-money laundering programs. All broker-dealers are required to develop programs to detect possible money-laundering

Found in: Series 7 Exam
• #### What to Do the Day before You Take the Series 7 Exam

You’ve studied for the Series 7 exam, you know the content backward and forward. You are ready! So, don’t let your nerves overtake you the day of the exam. Follow these steps to ready yourself for test-taking

Found in: Test Prep
• #### How to Calculate Accrued Interest for the Series 7 Exam

When taking the Series 7 exam, you need to be able to calculate the number of days of accrued interest that the buyer owes the seller. Although you can calculate the accrued interest with a few different

Found in: Series 7 Exam
• #### 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

Found in: Series 7 Exam
• #### What You Need to Know About Secured and Unsecured Bonds for the Series 7 Exam

For Series 7 purposes, you will need to understand secured and unsecured bonds. Assume that bonds backed by collateral are considered safer for the investor.

Found in: Series 7 Exam
• #### What You Should Know About Revenue Bonds for the Series 7 Exam

You will need to become familiar with Revenue Bonds for the Series 7 Exam. Unlike tax-backed bonds, revenue bonds are issued to fund municipal facilities that’ll generate enough income to support the bonds

Found in: Series 7 Exam
• #### What You Should Know About Partnerships for the Series 7 Exam

Certainly partnerships can be formed to run any sort of business that you can imagine, but the Series 7 exam focuses on the big three: real estate, equipment leasing, and oil and gas. You need to be able

Found in: Series 7 Exam
• #### Gift and Estate Tax Rules and the Series 7 Exam

Fortunately, you need to know only limited information on gift and estate tax rules for the Series 7 exam. Although some of your clients may receive a gift or inheritance of money, paintings, a car, a

Found in: Series 7 Exam
• #### New Account Forms and the Series 7 Exam

The Series 7 examiners seem to be focusing more and more on the handling of customer accounts. You need to know what to do to open accounts. When you're opening any new account for a customer, the new

Found in: Series 7 Exam
• #### Tax and Income Categories Information Needed for the Series 7 Exam

The many lines you see on tax forms clue you in to the fact that the IRS likes to break things down into categories. The following sections explain progressive and regressive taxes, as well as types of

Found in: Series 7 Exam
• #### What You Need to Know about Preferred Stock for the Series 7 Exam

You will need to understand preferred stock for the Series 7 exam. Equity securities represent shares of ownership in a company, and debt securities represent debt. Preferred stock is an equity security

Found in: Series 7 Exam
• #### 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

Found in: Series 7 Exam
• #### The Investor's Bankruptcy Shield and the Series 7 Exam

For the Series 7 exam, you need to know some basics about the bankruptcy shield. The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance, which guarantees a certain level of safety

Found in: Series 7 Exam
• #### Tackling Series 7 Exam Questions

To be successful on the Series 7 exam, you have to master the concepts that form the basis of the questions and, equally importantly, you need to develop your test-taking skills. Examining the different

Found in: Test Prep
• #### 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

Found in: Series 7 Exam
• #### 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

Found in: Series 7 Exam
• #### The Telephone Act of 1991 and the Series 7 Exam

To make sure that certain standards are used when calling potential customers (such as not calling them at midnight), the Telephone Act of 1991 was created. When you're dealing with

Found in: Series 7 Exam

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