Series 7 Exam 2026-2027 for Dummies (Paperback, 7)

Introduction 1

Part 1: Gearing Up for the Series 7 Exam 5

Chapter 1: Introducing the Series 7 Exam 7

Chapter 2: Preparing for the Series 7 Exam 19

Chapter 3: Examining and Mastering Question Types 33

Chapter 4: Surviving Test Day 45

Part 2: Mastering Basic Security Investments 51

Chapter 5: Underwriting Securities: Bringing New Issues to Market 53

Chapter 6: Corporate Ownership: Equity Securities 71

Chapter 7: Debt Securities: Corporate and U.S Government Loans 87

Chapter 8: Municipal Bonds: Local Government Securities 111

Part 3: Delving Deeper into Security Investments 143

Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 145

Chapter 10: Packaged Securities: Open- and Closed-End Funds and Such 167

Chapter 11: Direct Participation Programs: Partnerships 193

Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 205

Part 4: Taking Care of Your Customers and Playing by the Rules 251

Chapter 13: Portfolio and Securities Analysis: Examining Companies and the Market 253

Chapter 14: Going to Market: Orders and Trades 275

Chapter 15: Taxes and Retirement Plans: Making Sure the IRS Gets Its Share 293

Chapter 16: Rules and Regulations: No Fooling Around 315

Part 5: A Couple Practice Exams 351

Chapter 17: Practice Exam 1 353

Chapter 18: Answers and Explanations to Practice Exam 1 373

Chapter 19: Practice Exam 2 393

Chapter 20: Answers and Explanations to Practice Exam 2 413

Part 6: The Part of Tens 431

Chapter 21: Ten Series 7 Exam Traps to Avoid 433

Chapter 22: Ten Ways to Start Your Career Off Right 437

Appendix: Important Figures and Formulas 441

Index 443