Series 7 Exam Practice Test 1 EXPLICATED. Hit Pause, Answer, Hit Play.

Hit pause before I explicate and attempt yourself.
Time Stamps:
00:00 Intro
02:33 Authorized, Issued, Treasury, Outstanding
03:29 Declared Date, Ex Date, Record Date, Payable Date
04:54 Registrar
05:02 Uniform Practice Code
06:44 Rights versus Warrants!!!!!!
07:36 American Depository Receipts (ADRs)!!!!!!!!
09:36 Relationship of NY, CY, YTM, YTC
11:05 Coupon, nominal yield, fixed or stated rate of return
11:55 3/8 of a bond point
12:59 Bond trading at a premium!!!!!!!
15:13 Trust indenture
16:15 Credit ratings
16:44 Call risk
18:15 Calculating parity of the common!!!!!
21:17 Bankers Acceptances
23:32 General obligation bond
24:40 Moral obligation bond
25:03 Net revenue pledge!!!!!
25:40 Industrial Development Revenue Bonds
28:26 Overlapping debt (Coterminus)
29:20 Bond counsel. Legal Opinion. Qualified or Unqualified.
29:50 Bond Buyer
30:07 Official Statement
30:23 MSRB
31:24 Very important answer set!!!!
32:26 Nominal quote
32:55 Opening and closing orders!!!!!!!
33:35 Question 35 is B!
33:41 Trade, Exercise, Expire
36:23 Long call
38:00 Short call
38:49 Credit call spread
47:31 Long put
49:25 Short put
52:32 Long straddle
56:36 Covered call
59:42 Long stock and long a put
1:03:08 Short stock and long a call
1:04:22 Numbered account
1:06:15 Trading authorization
1:07:28 Documentation for a margin account
1:09:12 Cooling off period
1:11:19 Shelf registration for a non WKSI is 2 years. WKSI shelf are 3 years. A WKSI is a Well Known Seasoned Issuer of securities.
1:12:16 Components of a municipal spread
1:15:19 Auction versus OTC markets
1:15:31 Third and fourth market
1:15:49 Participants of the NYSE
1:16:26 Types of orders!!!!!
1:20:08 Inside market or inside quote
1:20:52 NASDAQ Date Feeds Level I, Level 2, Level 3
1:21:14 Backing away!!!!!!
1:22:44 DVP
1:23:21 Fail to deliver "buy in"
1:23:42 Stock power
1:24:09 Maximum load in a mutual fund
1:24:19 Forward pricing
1:24:23 Management fee in a mutual fund
1:24:55 Calculating POP and percentage sales charge
1:28:14 DIE 90
1:30:28 Life only
1:30:10 Question 106 is b. 59 1/2. 72 for RMDs
1:30:46 Flow through of tax consequences in a DPP
1:31:01 Avoiding two corporate features
1:33:42 Monthly statements versus quarterly statements
1:34:03 Penny stocks
1:34:12 Money laundering
1:34:05 U-4 and U-5
1:34:43 Selling away
1:34:47 Appeals under the Code of Procedure

[poizonedart]

The main thing I’ve learned from watching deans videos is that if you want to sound smart and someone asks you about finance or economics, say “it has a lot to do with interest rates”

[hemaalha]

Hey dean, I believe in expressing gratitude. Im grateful for this channel and you. I passed my s7 today and have used you as supplemental content. Your video provided immense value..Thank you again..

[bigshotbob]

Dean! My savior - I can't express enough gratitude to you. I stood absolutely no chance passing without your help. Never passed a single knopman practice exam and was on a serious time crunch. I watched/take notes to all your explicated exams and I passed the S7 today! Thank you so so much you're amazing

[alexvantlin]

Dean, I passed my series 7 on Tuesday. A few days before the exam I stumbled upon your page. Without your content I probably wouldn't have passed it on the first try. Thank you so much for taking the time to thoroughly explain the content!! Reading and taking notes from a 500+ page Kaplan book left me confused and frustrated. I will be referring anybody I know to this page, that is taking the series 7. I will be back when I begin studying for the series 66. Thank you so much sir!!!

[wesleychapman]

I've been so tripped up on Spreads vs. Straddles for the longest time but this helped me crack the code! I was incorrectly memorizing Spreads as having different strikes but that could really be a Combination instead. I remember Spreads correctly now as thinking of the short and long positions being spread apart from one another as not the same. Whereas Straddles have the two 'd's side by side in the name, meaning that the two options must both have the same starting letters as in a 'L'ong call and 'L'ong put, or, a 'S'hort call and 'S'hort put. A combination has a combo of letters together like in the name Stra'dd'le. Hope that helps anyone also struggling to find a definite strategy to memorize this. Thanks Dean!

[SoyInmortal]

This is helpful.
One way of repaying Dean for all his help is to completely watch the ads. Don’t skip them. That way Dean can monetice a bit on this video.

[joshross]

I used STC for my base training software. However, it was great to have your videos as a supplement to listen to in the car. No issue passing the SIE, 7 or 66. Thanks for the help! 👍

[racheltekeyan]

Thank you! I watched this about 2 months ago and again today. I knew more than last time. Paused, answered on my own and then restarted the video. I will do the same with the other test explications and let's hope I pass in 2 weeks!

[jreeve]

So glad I found this, my exam is in 6 days and i plan to watch several of your videos to help prep on that final stretch. Subscribed!

[natashab]

This was unbelievably helpful. I feel confident again I had done well on options then totally forgot it but and was overwhelmed with how to relearn BE for spread & straddles but this summed it up so quickly thank you

[colleenwilliams]

Dean, you are awesome!! Thank you so, so much for all the content you put on this channel. I passed today and know without your videos, I could not have done it!! Really appreciate it!

[meredithgraeber]

I appreciate you posting this! I have two and a half weeks until my 7 and the walk through is helpful.

[jackpotnay]

This has been great, I wish I realized all this was available earlier so I had enough time to watch all the lectures prior to my test. I think the explication was great as the other lectures go over more of the details is what it sounds like. I'll have to utilize this more moving forward! Thank you!

[rumNcoke-aine]

Hey Dean, just wanna thank you. I used your videos as supplemental material and you covered areas that weren’t in my original study materials and happened to be heavily tested in my draw. I credit you with me passing first try.

[GettinTeazed]

Dean you have changed my life! Watched almost every one of your series 7 videos and I just passed with ease!!! Thank you so much! Where can I donate???

[HoodieBillsGaming]

Thank you again for such a great upload!!! I would love a muni lecture

[miami]

Got a 75℅ here. Got all the muni questions wrong but got all the options ones right! Time to rewatch the muni lectures!

[DavidVo-oq]

Thank you Dean, you are an amazing teacher.

[kennnnnnnnnnnnnnnnnnn]

My test is today Dean!! Watching this before my exam in 3 hours!!

[ColeIsKing]

WOW! This helped me so much! Muni Spreads, Mutual Funds and Type of Quotes were my weakest points but definitely got it down now. Thanks Dean! Two more videos to go! 28/30