最新なFINRA Series6問題集（325題）、真実試験の問題を全部にカバー！

質問 1：
After having been divorced for several years, Mrs. Blended has remarried a man with three children of his
own. She has set up a revocable trust in which she deposited funds that she inherited when her mother
died, so that the monies will go uncontested to her two biological children in the event of her own death.
These two adult children are the only beneficiaries of the trust. Mrs. Blended has no plans to touch any of
the money in the trust unless circumstances demand it in the future. The trust is invested in a mutual fund
that paid $500 in dividend income and distributed $3,000 in long-term capital gain income to the trust this
year. Which of the following statements is true regarding the tax treatment of these distributions?
A. The distributions will not be taxed at this point; they will be taxed as part of the estate upon Mrs.
Blended's death.
B. The distributions will not be taxed at this point; they will be taxed only when Mrs. Blended or her
beneficiaries make withdrawals from the trust.
C. Mrs. Blended must pay taxes on the $3,500 in distributions.
D. Assuming her two adult children are equal beneficiaries, each one is responsible for paying tax on 50%
of the income to the trust, or $1,750.
正解：C
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質問 2：
Given the same maturity, which of the following debt instruments would you expect to offer the highest
yield-to-maturity?
A. a debenture issued by Abbott Laboratories
B. a U.S. Treasury bond
C. a bond issued by the Federal Home Loan Bank Board
D. a general obligation bond issued by the state of Massachusetts
正解：A
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質問 3：
Liz is a new client of yours. She is 36 years old, single, and has been working and earning a nice salary
since her graduation from high school. She has been contributing the maximum allowed to a TSA plan
through her employer, and you have no reason to doubt that she will meet her stated goal to retire when
she is 58.She also has a good health care plan through her employer and is in excellent health. She has
been depositing her non-retirement savings in a money market fund and is not pleased at the pathetic
return she has been earning on her current balance of $140,000. Liz has been reading some articles on
the web and understands she could allocate her funds to receive a higher return. She's willing to take on a
moderate level of risk, but needs your help. She informs you that she does plan to use $40,000 of her
current savings as a down payment for a condo and that her investment goals are to have money
available for travel and for unexpected expenses and periodic purchases such as new cars and new
furniture as the needs arise. She pays taxes at the highest marginal tax rate for individual tax payers.
Based on these facts, which of the following asset allocations would best meet her needs?
I. Money market fund: 30%; investment-grade corporate bonds: 20%; blue-chip stocks: 20%; high-yield
bonds: 10%; small cap stocks: 10%; foreign stocks: 10%
II. Money market fund: 10%; investment-grade municipal bonds: 5%; blue-chip stocks: 25%; high-yield
bonds: 25%; small cap stocks: 10%; foreign stocks: 25%
III. Money market fund: 10%; investment-grade municipal bonds: 25%; growth stocks: 40%; small cap
stocks: 15%; foreign stocks: 10%
A. Either II or III would be suitable recommendations.
B. II
C. III
D. I
正解：C
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質問 4：
Giant Investments, a family of mutual funds, is introducing a new fund. G iant has recently filed a
registration statement for the new fund with the SEC and is waiting for the SEC to declare the registration
statement effective. While it does so, Giant may:
I. place advertisements in financial publications that announce that a new fund is expected to be available
soon, along with Giant's contact information.
II. mail preliminary prospectuses to existing and prospective clients.
III. mail existing clients who have been pre-screened to determine that the fund's objectives are in line
with their investment objectives with information on the price they can lock in today to purchase the
shares once the registration statement is deemed effective.
A. I and III only
B. I only
C. I and II only
D. I, II, and III
正解：C
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質問 5：
Which of the following statements regarding the purchase and redemption of mutual fund shares is false?
A. If an investor places an order to buy or redeem shares of a mutual fund before 4 P.M.EST on a day
when the markets are open, the price will be based on the fund's net asset value (NAV), as calculated at
the end of that trading day.
B. When an investor redeems his shares, the mutual fund must pay for the shares within 7 business days.
C. An investor can both purchase and sell fractional shares of mutual funds.
D. Mutual fund shares may not be purchased on margin.
正解：B
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質問 6：
An ADR is:
A. another name for bankers' acceptances.
B. a bond issued by an American firm that is denominated in dollars, but is sold to foreign investors.
C. a receipt designating ownership of shares of a foreign stock that are held in a trust.
D. a certificate of deposit offered by a foreign bank that is denominated in U.S. dollars.
正解：C
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質問 7：
Which of the following are included in the expense ratio of a fund?
I. 12b-1 fees
II. brokerage costs incurred by the fund when it buys and sells securities
III. redemption fees
IV. management fees
A. I, II, and IV only
B. I, III, and IV only
C. I and IV only
D. I, II, III, and IV
正解：C
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質問 8：
Ms. Ears is an investment adviser representative. During lunch today, she overheard two men talking
about a hostile takeover that their firm was preparing to undertake. Based on this information, Ms. Ears
does not hesitate to advise the client she meets with immediately after lunch-Mrs. Clueless-- to invest a
sum of money in the firm the men had named as the target firm. Ms. Ears remembers that the price of
target firms, on average, increases significantly with an announcement of this sort, but she does not
inform Mrs. Clueless of the reason underlying her recommendation. Has there been any violation of
insider trading laws in this scenario, as described?
A. Yes. In making a recommendation based on information that was not publicly available, Ms. Ears has
violated insider trading laws and is subject to both civil and criminal penalties.
B. Yes. Both Ms. Ears and the two men have violated insider trading laws. The two men are prohibited
from discussing such private information in a public setting, and Ms. Ears is prohibited from making a
recommendation based on that information.
C. No. Ms. Ears is not considered to be an insider of the company preparing the hostile takeover.
D. No. The scenario does not suggest that Ms. Ears herself made any investment in the target firm, and
Mrs. Clueless was not made aware of the basis for Ms. Ears' recommendation.
正解：A
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