SIE 試験問題を無料オンラインアクセス

Which of the following entities is an investment company?

• A.A unit investment trust (UIT)
• B.A private equity fund
• C.A real estate investment trust (REIT)
• D.A variable annuity

Which of the following responses describes a common feature of a hedge fund?

• A.Primarily focused on fixed income investments
• B.Transparent as to the underlying investments and strategies
• C.Low minimum investment requirement
• D.Low liquidity for investors

In a rising interest rate environment, which of the following statements is true regarding the price of fixed-rate corporate bonds?

• A.Their price will depreciate in value.
• B.Their price will remain constant.
• C.Their price will revert to par value.
• D.Their price will appreciate in value.

When are registered persons required to fulfill their Continuing Education (CE) Regulatory Element requirement?

• A.After the initial three-year requirement and then every two years
• B.Upon the receipt of a customer complaint
• C.Semiannually
• D.Annually

Company XYZ is a U.S.-based provider of domestic utility services. XYZ ' s noncallable bonds pay a coupon rate of 5% and are currently yielding 9%. Market interest rates are currently 5.5%. An investor who purchases XYZ bonds is most exposed to which of the following risks?

• A.Political risk
• B.Credit risk
• C.Currency risk
• D.Prepayment risk