FINRA Investment Company and Variable Contracts Products Representative Examination (IR) - Series6 Exam Questions

QUESTION NO: 1
Mr. Donald is the owner and CEO of Just Ducky Broker-Dealers. His wife, Ms. Daisy handles all the
ministerial duties for the firm. The firm has three other employees. Huey is the municipal bond specialist
and handles client trades in municipal securities only; Dewey handles only mutual fund sales for clients;
Louie handles all aspects of client trading in stocks, corporate bonds, and options. Which of the following
statements regarding the minimum FINRA registration requirements for these individuals is true?

QUESTION NO: 2
On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of
$ 0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were
scheduled to be mailed on Friday, October 15th. In this scenario, the payment date is:

QUESTION NO: 3
The MaxFee Mutual Fund has a front-end load of 8.5%. If its net asset value (NAV) per share is currently
$ 32, for what price can an investor buy shares of the fund?(Round your answer to the nearest cent.)

QUESTION NO: 4
When a client purchases a variable contract through you, he should be informed that his money will be
invested:

QUESTION NO: 5
Tex Payor has invested in Invest4U Mutual Fund shares at various times over the last eight years. In the
past year, he has sold some of the shares purchased. To determine the cost basis of these shares, Tex:

QUESTION NO: 6
Marshall's employer offers a 403(b) plan, and Marshall must decide into which of several mutual fund
alternatives the contributions will be invested. Regardless of other factors, which of the following would
clearly not be a good choice?

QUESTION NO: 7
Mr. Big of HiGrow Corporation needs more money to support the exceptional growth rate that his firm is
enjoying. He meets with BigFee Investment Banker, who agrees to handle the IPO for HiGrow. As part of
the process, BigFee's staff works with HiGrow's accountants to prepare the registration statement that is
filed with the SEC. After the issue has been sold to the public, Mr. Sharp, a CPA who has invested in the
stock of HiGrow, discovers that there are some accounting irregularities in the financial statements
provided in HiGrow's prospectus. Who can be sued for the misleading statements?
I. Mr. Big
II. Big Fee Investment Banker
III. HiGrow's accountants
IV. HiGrow's attorneys

QUESTION NO: 8
On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of
$ 0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were
scheduled to be mailed on Friday, October 15th.In this scenario, the ex-dividend date is:

QUESTION NO: 9
Matt is a registered representative with Fine, Howard, Fine and Associates. Tom, an old fraternity brother,
is one of his clients. Business has been bad, and Matt is going to have difficulties making this month's
mortgage payment. Tom was commiserating with him when the two hooked up to have a couple of beers
together and offered to lend Matt some money to see him through the rough times. Based on these facts:

QUESTION NO: 10
Marge is 57 and wants to retire early. Since she is not yet eligible for social security, she wants to begin
tapping a variable annuity to which she has been contributing for the last 20 years. Which of the following
statements regarding her withdrawals is true?

QUESTION NO: 11
A new issue of common stock can be classified in which of the following categories?
I. primary market
II. money market
III. secondary market
IV. capital market

QUESTION NO: 12
Which of the following is not a secured debt issue?

QUESTION NO: 13
The primary difference between dealers and brokers is that: