Table of Contents

Introduction 1 Part I: Gearing Up for the Series 7 Exam 5 Chapter 1: So You Want to Sell Securities: Introducing the Series 7 Exam 7 Chapter 2: Preparing for the Series 7 Exam 17 Chapter 3: Examining and Mastering Question Types 29 Chapter 4: Surviving Test Day 41 Part II: Mastering Basic Security Investments 47 Chapter 5: Underwriting Securities 49 Chapter 6: Corporate Ownership: Equity Securities 61 Chapter 7: Debt Securities: Corporate and U.S. Government Loans 73 Chapter 8: Municipal Bonds:Local Government Securities 93 Part III: Delving Deeper: Security Investments with a Twist 109 Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 111 Chapter 10: Delivering Diversification with Packaged Securities 127 Chapter 11: Working with Direct Participation Programs 141 Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 151 Part IV: Playing Nicely: Serving Your Customers and Following the Rules 181 Chapter 13: Doing a Little Market Research: Portfolio and Securities Analysis 183 Chapter 14: Going to Market: Orders and Trades 199 Chapter 15: Making Sure the IRS Gets Its Share 213 Chapter 16: No Fooling Around: Rules and Regulations 225 Part V: Putting Your Knowledge to Good Use: A Practice Exam 247 Chapter 17: Bring It On: Practice Exam Part I 249 Chapter 18: Answers and Explanations to Practice Exam Part I 269 Chapter 19: Nothing but Net: Practice Exam Part II 287 Chapter 20: Answers and Explanations to Practice Exam Part II 309 Part VI: The Part of Tens 325 Chapter 21: Ten Series 7 Exam Traps to Avoid 327 Chapter 22: Ten Ways to Start Your Career Off Right 331 Part VII: Appendixes 335 Appendix A: Memorizing Important Figures and Formulas 337 Appendix B: About the CD 339 Index 343

About the Author

Steven M. Rice is a partner and instructor at the Empire Stockbroker Training Institute, one of the largest and most successful securities training schools in the country.