RSE 試験問題を無料オンラインアクセス

A Registered Representative (RR) experiences a temporary personal cash-flow problem and asks a long- standing client for a short-term loan. The client is willing to provide the loan and does not require interest.
What is the most appropriate action?

• A.Proceed after documenting the arrangement in the client's account notes
• B.Proceed because the loan is interest-free and the client has voluntarily agreed
• C.Do not proceed because borrowing from a client generally creates a prohibited personal financial dealing
• D.Proceed if the client signs a conflict-of-interest disclosure

An investor, tracking shares in a Canadian mining company, learns the firm announces a 1-for-4 stock consolidation to meet exchange requirements. Which statement best captures how this changes their shareholding, considering market reactions?

• A.Fewer shares, with price rising but possibly unsettling investors
• B.Unchanged shares, maintaining value but facing market doubt
• C.More shares, with price dropping but boosting liquidity
• D.Higher total value, supporting growth but limiting trading ease

A 45-year-old investor has been working with their Registered Representative (RR) for over a decade. Their portfolio has been structured to prioritize long-term growth with a moderate risk tolerance. Recently, the investor inherited a substantial sum from a relative, significantly increasing their overall net worth. They are now considering early retirement and have expressed interest in shifting their investment strategy. What should the RR do?

• A.Rebalance the investor's portfolio to match the appropriate Investment Dealer model portfolio
• B.Renew the investor's information and discuss what adjustments should be made in light of this
• C.Keep the investor's investments unchanged to maintain consistency with the client information
• D.Discourage the investor from withdrawing any funds to protect their long-term investment growth

A company reports net income available to common shareholders of $1,200,000 and declares common dividends of $360,000. What is the dividend payout ratio?

• A.20%
• B.70%
• C.40%
• D.30%

A corporate bond has a coupon rate of 6% and a face value of $10,000. If interest rates in the market rise to
8%, how should an investor adjust their expectations for the bond's annual income compared to selling it today?

• A.Expect $600 annually and a sale price below $10,000
• B.Expect $800 annually and a sale price at $10,000
• C.Expect $800 annually and a sale price below $10,000
• D.Expect $600 annually and a sale price above $10,000