American Investment Training has updated and accurate Series 66 Exam test training books and computer based study material. American Investment Training provides financial courses to investment professionals and students looking to enter the investment business and pass the Series 66 the first time.
All books and CD's come difficult but accurate practice exam questions and detailed answers.
Sample Series 66 Question
A 401(k) plan is established by a(n):
a. self-employed individual with contributions based upon the individual’s self employed income
b. for-profit corporation with contributions made by employees as a salary reduction
c. not-for-profit organization with contributions made by employees as a salary reduction
d. government agency with contributions made by the employer on behalf of the employees
Study Material
The Series 66 study material offered by AIT includes: Two Series 66 Books and a CD Test Program. Chapter and final exam course test questions are provided to give exposure to accurate exam questions, that will give the student the best opportunity to pass on the first attempt.
Study Books with over 500 pages, Chapter Exams after each section with detailed Answers.
Over 1000 Practice questions with updated final answers.
Includes 8 simulated Final Exams with complete answers.
Computer CD Test Simulator features 30 quizzes (5 for each of the 6 major topics
covered on the Series 66 exam), 5 Final Exams, 5 State Law Midterms and many
Glossary terms.
Req: CD Rom, Windows 95 and higher, including vista, XP
Series 66 Books
Friday, June 26, 2009
Thursday, June 18, 2009
Series 7 Books
American Investment Training provides up to date and accurate study course books for the Series 7 exam. This is a 5 book set that is updated for current year test content.
Over 3000 questions are in the AIT books with accurate and detailed answer explanations.
All Series 7 exam course material is updated for current test content 2009 - New Questions Added!
The Series 7 License course can be studied using the books and CD test program or using only books. The books contain a large amount of test questions (over 3000). Our Series 7 CD certification program is a powerful program that has over 7000 practice questions with detailed answers. This program will show each correct answer after each answer is chosen. Most of our prep students feel the combination course of the Series 7 books and CD offers the fastest method to passing. The CD program tests are "exam tough", if not a little harder than the actual test.
(5 books total) 2 Study Books with Chapter Exams following each section with detailed Answers.
Final Exam Book with 10 updated Exams
Chapter Exam Book - Expanded chapter tests on the major areas of the test.
Over 1000 pages and 3000 questions and answers.
Series 7 Books
Over 3000 questions are in the AIT books with accurate and detailed answer explanations.
All Series 7 exam course material is updated for current test content 2009 - New Questions Added!
The Series 7 License course can be studied using the books and CD test program or using only books. The books contain a large amount of test questions (over 3000). Our Series 7 CD certification program is a powerful program that has over 7000 practice questions with detailed answers. This program will show each correct answer after each answer is chosen. Most of our prep students feel the combination course of the Series 7 books and CD offers the fastest method to passing. The CD program tests are "exam tough", if not a little harder than the actual test.
(5 books total) 2 Study Books with Chapter Exams following each section with detailed Answers.
Final Exam Book with 10 updated Exams
Chapter Exam Book - Expanded chapter tests on the major areas of the test.
Over 1000 pages and 3000 questions and answers.
Series 7 Books
Tuesday, June 9, 2009
Series 65 Study Courses - Exam Course
Pass the Series 65 test using the American Investment Training home study course. This exam material can be purchased through AIT's website or online here through PayPal.
The Series 65 license is for individuals looking to become licensed investment advisors. It is a 130 question multiple choice test.
Sample Series 65 Exam Questions
1. Which business form has a limited life?
a. S corporation
b. General partnership
c. Limited liability company
d. Sole proprietorship
2. A portfolio increases in value from $1,000,000 to $1,210,000 over 24 months. The annualized rate of return is:
a. 10.00%
b. 10.50%
c. 11.00%
d. 21.00%
2 Study Books with over 600 pages, Chapter Exams after each section with detailed Answers.
Over 1300 Practice questions with updated final answers.
Includes 8 simulated Final exams with detailed explanations.
Computer CD Test Simulator - 9 Final Exams from the major topics with detailed answers.
(Windows 95 and higher, includes Vista, XP)
Study MaterialThe Series 65 study material offered by AIT includes: Two Series 65 Books and a CD Test Program. Chapter and final exam course test questions are provided to give exposure to accurate exam questions, that will give the student the best opportunity to pass on the first attempt.
BUY American Investment Training Series 65 Course right here with PayPal
Series 65 Books and CD - Updated ($220 - same as AIT site)
The Series 65 license is for individuals looking to become licensed investment advisors. It is a 130 question multiple choice test.
Sample Series 65 Exam Questions
1. Which business form has a limited life?
a. S corporation
b. General partnership
c. Limited liability company
d. Sole proprietorship
2. A portfolio increases in value from $1,000,000 to $1,210,000 over 24 months. The annualized rate of return is:
a. 10.00%
b. 10.50%
c. 11.00%
d. 21.00%
2 Study Books with over 600 pages, Chapter Exams after each section with detailed Answers.
Over 1300 Practice questions with updated final answers.
Includes 8 simulated Final exams with detailed explanations.
Computer CD Test Simulator - 9 Final Exams from the major topics with detailed answers.
(Windows 95 and higher, includes Vista, XP)
Study MaterialThe Series 65 study material offered by AIT includes: Two Series 65 Books and a CD Test Program. Chapter and final exam course test questions are provided to give exposure to accurate exam questions, that will give the student the best opportunity to pass on the first attempt.
BUY American Investment Training Series 65 Course right here with PayPal
Series 65 Books and CD - Updated ($220 - same as AIT site)
Sunday, May 17, 2009
Questions from American Investment Training Students
The following are some of the more frequently asked questions from American Investment Training's Series 7 students. AIT sells the highest volume of broker license training courses in the world.
Q: What is the Series 7 exam?
A: The Series 7 exam is a 6 hour, 250 question exam that if passed, registers you as a Registered Representative with the NASD.
Q: How often is the Series 7 exam given? and the other NASD (now FINRA) - NASAA exams?
A: All exams are given daily (Except Sundays and holidays) at Prometric Learning Centers. There are hundreds of testing centers, with locations in every state. You can view the list on our "links" page HERE
Q: Will I need any type of live class?
A: AIT courses are designed for home study and over 90% of our students pass without the need of a class. We also offer online courses in several areas, including insurance pre license, insurance and securities CE, real estate, appraisal, futures and select NASD licenses. The home study course is always needed first. Please visit our study course section.
Q: Do you offer sponsorship and a service setting up brokers and advisors to work independently?
A: Yes and No. We are not a firm, so we cannot sponsor. However, AIT has a partner NASD firm within our company that specializes in setting individuals or groups as independent brokers. This is a national firm with multiple branch offices. This would include sponsorship, for qualified people. If you are interested in becoming an independent broker or add investments to your existing professional practice, you should contact us or learn more HERE (email form only - no calls). If you are looking to break into the business, you should study and pass the Series65 and Series 63 - to name two. Many banks, financial planning companies and others will look for these licenses. In this competitive job market - getting licenses to add to your resume is VERY important in giving you an advantage over other candidates.
Q: Can I take the Series 7 Exam without affiliating with a firm directly?
A: No. What many of our students do is begin studying for the exam and adding that they are "Preparing for the Series 7" on their resume. Firms are looking for people who take initiatives like this. AIT also makes our students resumes available to our firms. Any person who purchases a study course from us is entitled to this free resume assistance service.
Broker License Courses - American Investment Training's full home study course list
Online Series 7 Training
Q: What is the Series 7 exam?
A: The Series 7 exam is a 6 hour, 250 question exam that if passed, registers you as a Registered Representative with the NASD.
Q: How often is the Series 7 exam given? and the other NASD (now FINRA) - NASAA exams?
A: All exams are given daily (Except Sundays and holidays) at Prometric Learning Centers. There are hundreds of testing centers, with locations in every state. You can view the list on our "links" page HERE
Q: Will I need any type of live class?
A: AIT courses are designed for home study and over 90% of our students pass without the need of a class. We also offer online courses in several areas, including insurance pre license, insurance and securities CE, real estate, appraisal, futures and select NASD licenses. The home study course is always needed first. Please visit our study course section.
Q: Do you offer sponsorship and a service setting up brokers and advisors to work independently?
A: Yes and No. We are not a firm, so we cannot sponsor. However, AIT has a partner NASD firm within our company that specializes in setting individuals or groups as independent brokers. This is a national firm with multiple branch offices. This would include sponsorship, for qualified people. If you are interested in becoming an independent broker or add investments to your existing professional practice, you should contact us or learn more HERE (email form only - no calls). If you are looking to break into the business, you should study and pass the Series65 and Series 63 - to name two. Many banks, financial planning companies and others will look for these licenses. In this competitive job market - getting licenses to add to your resume is VERY important in giving you an advantage over other candidates.
Q: Can I take the Series 7 Exam without affiliating with a firm directly?
A: No. What many of our students do is begin studying for the exam and adding that they are "Preparing for the Series 7" on their resume. Firms are looking for people who take initiatives like this. AIT also makes our students resumes available to our firms. Any person who purchases a study course from us is entitled to this free resume assistance service.
Broker License Courses - American Investment Training's full home study course list
Online Series 7 Training
Wednesday, March 25, 2009
CD Test Program - Over 7000 Series 7 Practice Questions
Buy the American Investment Training Series 7 CD Test program here through PAYPAL. The AIT CD Program has over 7000 questions designed to prepare you for the Series 7. The exam questions on this CD generally run 5-10 points harder than the actual test.
5 exams of 50 questions each on Options, Debt and the other major parts of the exam.
10 updated final exams
Interactive glossary that are integrated within the test questions.
The Series 7 CD certification program is a powerful program that has over 7000 practice questions with detailed answers. This program will show each correct answer after each answer is chosen.
Only $150 for 7000+ exam questions. This program can be installed on a desktop, notebook or any other computer device with a CD rom drive.
Pass your exam with the American Investment Training CD
5 exams of 50 questions each on Options, Debt and the other major parts of the exam.
10 updated final exams
Interactive glossary that are integrated within the test questions.
The Series 7 CD certification program is a powerful program that has over 7000 practice questions with detailed answers. This program will show each correct answer after each answer is chosen.
Only $150 for 7000+ exam questions. This program can be installed on a desktop, notebook or any other computer device with a CD rom drive.
Pass your exam with the American Investment Training CD
Monday, March 16, 2009
Sample Customer Accounts Series 7 Test Examples
1. A customer should purchase long term bonds when a customer thinks:
A) Long term interest rates are going to decrease
B) Short term interest rates are going to decrease
C) Long term interest rates are going to increase
D) Short term interest rates are going to increase
Correct answer is A: A customer should buy long term bonds when they feel interest rates are going to decline after they purchase the bond. When interest rates decline, bond prices go up. The customer’s bond price would rise in value if this occurs. Short term rates do not necessarily affect long term bond prices.
2. A corporation wishing to open a new margin account would need to provide the firm their:
I Corporate resolution
II Corporate charter
III Income statement
IV List of issued securities
A) I, II and III
B) I and II
C) II and IV
D) II, III, and IV
Correct answer is B: Corporate margin accounts require the corporate resolution and charter. An income statement is not required, nor is the list of outstanding securities issued by the company.
3. A registered representative is out of the office. The representative’s assistant receives a call from a customer. The assistant is not a Series 7 registered representative or Series 11 licensed. The customer tells the assistant to buy 100 shares of GHI at the market and to have the registered representative call him back when he returns. Which of the following is true?
A)The assistant can tell the trader to buy the stock, but cannot write the actual ticket
B)The assistant can write the order ticket with approval from a principal
C)The assistant can write the order ticket but must wait for the broker before it is placed with the trader
D)The assistant cannot accept this order
Correct answer is D: Since the assistant is not licensed either Series 11 or Series 7, this person cannot accept phone orders such as this.
4. Growth stocks would normally have:
I Low dividend payouts
II High dividend payouts
III Low beta ratings
IV High beta ratings
A) I and IV
B) II and III
C) II and IV
D) I and III
Correct answer is A: A growth stock would be a stock that is a potentially emerging company. These companies are normally not in an income position to offer much in dividends, as they are still investing their profit into the company. Since these companies have lower prices, and are still not established, their beta levels (measures volatility) tend to be higher.
5. Which NASDAQ level is known as the “Inside market”?
A) Level I
B) Level II
C) Level III
D) Level IV
Correct answer is A: NASDAQ Level I is known as the inside market. It will show the highest bid and lowest offer of an OTC security listed on NASDAQ.
6. A customer buying 10 corporate bonds with a 6% coupon rate will receive semi annual payments of:
A) $30
B) $60
C) $300
D) $600
Correct answer is C: Each bond is $1000 par. The customer owns 10 bonds, which is $10,000. The bond pays 6% to the total par value per year ($600) in semi annual payments of $300 every six months.
7. An investor places an order of 10,000 shares. He tells a representative that he wants as much as possible very quickly and to cancel the rest. The representative should designate this order as:
A) Fill or kill
B) All or none
C) Firm commitment
D) Immediate or cancel
Correct answer is D: An order where a customer wants an immediate execution and wishes to cancel any portion that is not executed immediately is an immediate or cancel order (IOC).
8. Which of the following government securities has the shortest initial maturity?
A) Treasury bills
B) Treasury notes
C) Treasury bonds
D) Treasury STRIPs
Correct answer is A: Treasury bills are issued is 1 month, 3 month, and 6 month maturities. Treasury notes can mature up to 10 years. Treasury bonds are over 10 years. Treasury strips are longer term as well. They are made from treasury notes and bonds.
9. Which of the following is true regarding bonds purchased at a premium?
A) Yield to maturity is greater than the coupon rate
B) Yield to maturity is lower than the coupon rate
C) Yield to maturity is equal to the coupon rate
D) None of the above
Correct answer is B: Bonds purchased at a premium will have a lower yield to maturity than the coupon rate. The coupon rate is only paid to par value. The premium (price above par) will be lost over the life of the bond.
10. A customer owns 100 shares of GHT at $56. The customer is concerned about a steep decline in the stock over the next 2 months. He wants to limit his loss on the stock to a specific price using options. A good recommendation here would be to:
A) Buy a call option
B) Sell a call option
C) Buy a put option
D) Sell a put option
Correct answer is C: A put option allows the holder to sell the stock at a specific price.
Series 7 Sponsor Help
Custom Search
A) Long term interest rates are going to decrease
B) Short term interest rates are going to decrease
C) Long term interest rates are going to increase
D) Short term interest rates are going to increase
Correct answer is A: A customer should buy long term bonds when they feel interest rates are going to decline after they purchase the bond. When interest rates decline, bond prices go up. The customer’s bond price would rise in value if this occurs. Short term rates do not necessarily affect long term bond prices.
2. A corporation wishing to open a new margin account would need to provide the firm their:
I Corporate resolution
II Corporate charter
III Income statement
IV List of issued securities
A) I, II and III
B) I and II
C) II and IV
D) II, III, and IV
Correct answer is B: Corporate margin accounts require the corporate resolution and charter. An income statement is not required, nor is the list of outstanding securities issued by the company.
3. A registered representative is out of the office. The representative’s assistant receives a call from a customer. The assistant is not a Series 7 registered representative or Series 11 licensed. The customer tells the assistant to buy 100 shares of GHI at the market and to have the registered representative call him back when he returns. Which of the following is true?
A)The assistant can tell the trader to buy the stock, but cannot write the actual ticket
B)The assistant can write the order ticket with approval from a principal
C)The assistant can write the order ticket but must wait for the broker before it is placed with the trader
D)The assistant cannot accept this order
Correct answer is D: Since the assistant is not licensed either Series 11 or Series 7, this person cannot accept phone orders such as this.
4. Growth stocks would normally have:
I Low dividend payouts
II High dividend payouts
III Low beta ratings
IV High beta ratings
A) I and IV
B) II and III
C) II and IV
D) I and III
Correct answer is A: A growth stock would be a stock that is a potentially emerging company. These companies are normally not in an income position to offer much in dividends, as they are still investing their profit into the company. Since these companies have lower prices, and are still not established, their beta levels (measures volatility) tend to be higher.
5. Which NASDAQ level is known as the “Inside market”?
A) Level I
B) Level II
C) Level III
D) Level IV
Correct answer is A: NASDAQ Level I is known as the inside market. It will show the highest bid and lowest offer of an OTC security listed on NASDAQ.
6. A customer buying 10 corporate bonds with a 6% coupon rate will receive semi annual payments of:
A) $30
B) $60
C) $300
D) $600
Correct answer is C: Each bond is $1000 par. The customer owns 10 bonds, which is $10,000. The bond pays 6% to the total par value per year ($600) in semi annual payments of $300 every six months.
7. An investor places an order of 10,000 shares. He tells a representative that he wants as much as possible very quickly and to cancel the rest. The representative should designate this order as:
A) Fill or kill
B) All or none
C) Firm commitment
D) Immediate or cancel
Correct answer is D: An order where a customer wants an immediate execution and wishes to cancel any portion that is not executed immediately is an immediate or cancel order (IOC).
8. Which of the following government securities has the shortest initial maturity?
A) Treasury bills
B) Treasury notes
C) Treasury bonds
D) Treasury STRIPs
Correct answer is A: Treasury bills are issued is 1 month, 3 month, and 6 month maturities. Treasury notes can mature up to 10 years. Treasury bonds are over 10 years. Treasury strips are longer term as well. They are made from treasury notes and bonds.
9. Which of the following is true regarding bonds purchased at a premium?
A) Yield to maturity is greater than the coupon rate
B) Yield to maturity is lower than the coupon rate
C) Yield to maturity is equal to the coupon rate
D) None of the above
Correct answer is B: Bonds purchased at a premium will have a lower yield to maturity than the coupon rate. The coupon rate is only paid to par value. The premium (price above par) will be lost over the life of the bond.
10. A customer owns 100 shares of GHT at $56. The customer is concerned about a steep decline in the stock over the next 2 months. He wants to limit his loss on the stock to a specific price using options. A good recommendation here would be to:
A) Buy a call option
B) Sell a call option
C) Buy a put option
D) Sell a put option
Correct answer is C: A put option allows the holder to sell the stock at a specific price.
Series 7 Sponsor Help
Custom Search
Bond Exam Training Test Examples
A bond is trading at $1160, and has a conversion price of $50. At which price would the stock need to trade to be equal to the current bond price?
A) 23
B) 58
C) 50
D) 54
Correct answer is B: The first step is to convert the bond. You must always use par value. Divide the par value (1000) by the conversion price ($50). This equals the amount of shares that will be created (20). To come up with the “parity price” that the stock must trade at, do one of 2 things: Divide $1160 by 20, which equals 58 or multiply 20 by each answer choice until the bond price is equaled. Answer is 58.
Which of the following amounts would NOT be covered under SIPC insurance?
A) $350,000 securities + $150,000 cash
B) $400,000 securities + $100,000 cash
C) $200,000 securities + $80,000 cash
D) $500,000 securities + 0 cash
Correct answer is A: SIPC covers up to $500,000 maximum. However, this amount does not cover more than $100,000 in cash.
A customer purchases a 6% $10,000 municipal bond that pays July 1st and January 1st. The bond is sold on Thursday September 22nd for regular way settlement. How many days of accrued interest are owed to the seller of this bond?
A) 82
B) 84
C) 85
D) 86
Correct answer is D: Municipal bonds pay interest on a 30 day month/360 day year. Each full month is treated as 30 days. The last pay date was July 1st . The seller is owed 30 days for July and 30 days for August. Municipal bonds settle “trade date + 3 business days”. This bond was sold on Thursday September 22nd. It settles on Tuesday September 27th . The settlement date is not included, because the owner relieves the bond on that day, thus the total for September is 26 days, for a total of 86 days.
(July = 30 days August = 30 days September = 26 days)
Selling stock short is done for which of the following reasons?
A) To limit losses on a long position
B) To make small gains with limited risk
C) To gain by the decrease in the price of a stock
D) To gain by the increase in the price of a stock
Correct answer is C: Selling stock short is profitable when the market declines, allowing an investor to purchase the stock at a lower price. It is not done with existing long positions and it carries a high degree of risk.
Become a Stockbroker - Series 7 Sponsorship, Independent Brokers and more.
A bond is purchased at $96 ¼ and has a nominal yield of 7%. If this bond was held to maturity, the investor would have a yield of:
A) Greater than 7%
B) Less than 7%
C) Equal to 7%
D) Cannot determine
Correct answer is A: A bond that is purchased at discount and held to maturity, would have a yield greater than the coupon rate. The coupon rate is paid to par and the bond will mature at par. The customer will receive 7% in interest plus the discount difference of $96 ¼ and par ($100).
Which debt security pays principal and interest monthly?
A) Municipal bonds
B) Treasury Bonds
C) Corporate bonds
D) GNMA bonds
Correct answer is D: Government National Mortgage Association (GNMA) bonds are backed by GNMA mortgages. The mortgage holders make monthly principal and interest payments back to GNMA, which in turn pay the bondholders. The other choices all pay semi annual interest and only pay back the principal at maturity (par)
Which of the following does NOT pay dividends?
A) Warrants
B) Preferred stock
C) Cumulative preferred stock
D) Common stock
Correct answer is A: Warrants are long term options to buy a security at a specific price. Until the warrant is exercised (purchasing the underlying stock), the holder does not receive the benefits that a stockholder would have. No dividends would be payable. The other choices can all receive dividends.
A customer buys 2 ADF SEP 50 Calls for $300 each. What is the customer’s maximum loss?
A) $300
B) $600
C) $4700
D) Unlimited
Correct answer is B: The maximum loss for any option holder is the total initial cost (Premium). The worst case scenario is that the options expire worthless. The customer bought 2 options for a total of $600. The $600 is the maximum loss.
Online Series 7 Test Training
Financial Advisor Career
A) 23
B) 58
C) 50
D) 54
Correct answer is B: The first step is to convert the bond. You must always use par value. Divide the par value (1000) by the conversion price ($50). This equals the amount of shares that will be created (20). To come up with the “parity price” that the stock must trade at, do one of 2 things: Divide $1160 by 20, which equals 58 or multiply 20 by each answer choice until the bond price is equaled. Answer is 58.
Which of the following amounts would NOT be covered under SIPC insurance?
A) $350,000 securities + $150,000 cash
B) $400,000 securities + $100,000 cash
C) $200,000 securities + $80,000 cash
D) $500,000 securities + 0 cash
Correct answer is A: SIPC covers up to $500,000 maximum. However, this amount does not cover more than $100,000 in cash.
A customer purchases a 6% $10,000 municipal bond that pays July 1st and January 1st. The bond is sold on Thursday September 22nd for regular way settlement. How many days of accrued interest are owed to the seller of this bond?
A) 82
B) 84
C) 85
D) 86
Correct answer is D: Municipal bonds pay interest on a 30 day month/360 day year. Each full month is treated as 30 days. The last pay date was July 1st . The seller is owed 30 days for July and 30 days for August. Municipal bonds settle “trade date + 3 business days”. This bond was sold on Thursday September 22nd. It settles on Tuesday September 27th . The settlement date is not included, because the owner relieves the bond on that day, thus the total for September is 26 days, for a total of 86 days.
(July = 30 days August = 30 days September = 26 days)
Selling stock short is done for which of the following reasons?
A) To limit losses on a long position
B) To make small gains with limited risk
C) To gain by the decrease in the price of a stock
D) To gain by the increase in the price of a stock
Correct answer is C: Selling stock short is profitable when the market declines, allowing an investor to purchase the stock at a lower price. It is not done with existing long positions and it carries a high degree of risk.
Become a Stockbroker - Series 7 Sponsorship, Independent Brokers and more.
A bond is purchased at $96 ¼ and has a nominal yield of 7%. If this bond was held to maturity, the investor would have a yield of:
A) Greater than 7%
B) Less than 7%
C) Equal to 7%
D) Cannot determine
Correct answer is A: A bond that is purchased at discount and held to maturity, would have a yield greater than the coupon rate. The coupon rate is paid to par and the bond will mature at par. The customer will receive 7% in interest plus the discount difference of $96 ¼ and par ($100).
Which debt security pays principal and interest monthly?
A) Municipal bonds
B) Treasury Bonds
C) Corporate bonds
D) GNMA bonds
Correct answer is D: Government National Mortgage Association (GNMA) bonds are backed by GNMA mortgages. The mortgage holders make monthly principal and interest payments back to GNMA, which in turn pay the bondholders. The other choices all pay semi annual interest and only pay back the principal at maturity (par)
Which of the following does NOT pay dividends?
A) Warrants
B) Preferred stock
C) Cumulative preferred stock
D) Common stock
Correct answer is A: Warrants are long term options to buy a security at a specific price. Until the warrant is exercised (purchasing the underlying stock), the holder does not receive the benefits that a stockholder would have. No dividends would be payable. The other choices can all receive dividends.
A customer buys 2 ADF SEP 50 Calls for $300 each. What is the customer’s maximum loss?
A) $300
B) $600
C) $4700
D) Unlimited
Correct answer is B: The maximum loss for any option holder is the total initial cost (Premium). The worst case scenario is that the options expire worthless. The customer bought 2 options for a total of $600. The $600 is the maximum loss.
Online Series 7 Test Training
Financial Advisor Career
Subscribe to:
Posts (Atom)
