Pass the Series 7 on your first try, thanks to this Dummies study guideSeries 7 Exam 2024-2025 For Dummies gives you the tips, tricks, and practice you need to pass this notorious securities exam and obtain your General Securities Representative license. This updated edition helps you prep for the current exam, and it includes coverage of the latest tax law changes. You'll also find study plans that will help you budget your time, whether you have 8, 4, or 2 weeks to study or are down to crunch time and have just days to prepare for the exam.. And when test day finally rolls around, you'll be ready, thanks to six online practice tests and tons of tips and strategies for success. Your career in finance starts here.* Learn about the Series 7 exam and review the content you'll need to know* Prepare with 6 online practice tests and with complete answer explanations and walk-throughs* Study wisely with detailed plans showing you how to best manage your time* Pass the dreaded Series 7 and launch your career in financeAnyone looking to become a licensed securities broker needs to pass the Series 7--and can pass the Series 7, Dummies-style.

Introduction 1Part 1: Gearing Up for the Series 7 Exam 5Chapter 1: Introducing the Series 7 Exam 7Chapter 2: Preparing for the Series 7 Exam 19Chapter 3: Examining and Mastering Question Types 33Chapter 4: Surviving Test Day 45Part 2: Mastering Basic Security Investments 51Chapter 5: Underwriting Securities: Bringing New Issues to Market 53Chapter 6: Corporate Ownership: Equity Securities 71Chapter 7: Debt Securities: Corporate and US Government Loans 87Chapter 8: Municipal Bonds: Local Government Securities 113Part 3: Delving Deeper into Security Investments 145Chapter 9: Borrowing Money and Securities: The Long and Short of Margin Accounts 147Chapter 10: Packaged Securities: Open- and Closed-End Funds and Such 171Chapter 11: Direct Participation Programs: Partnerships 199Chapter 12: Options: The Right to Buy or Sell at a Fixed Price 211Part 4: Taking Care of Your Customers and Playing by the Rules 261Chapter 13: Portfolio and Securities Analysis: Examining Companies and the Market 263Chapter 14: Going to Market: Orders and Trades 287Chapter 15: Taxes and Retirement Plans: Making Sure the IRS Gets its Share 309Chapter 16: Rules and Regulations: No Fooling Around 331Part 5: A Couple Practice Exams 369Chapter 17: Practice Exam 1 371Chapter 18: Answers and Explanations to Practice Exam 1 391Chapter 19: Practice Exam 2 411Chapter 20: Answers and Explanations to Practice Exam 2 431Part 6: The Part of Tens 449Chapter 21: Ten Series 7 Exam Traps to Avoid 451Chapter 22: Ten Ways to Start Your Career Off Right 455Appendix: Important Figures and Formulas 459Index 461