Series 6 Practice Test 8

10 free Series 6 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 6 Practice Test 8Tutor mode

Question 1 of 10

Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records

Mr. Ngata paid $10,000 for 500 shares of Mossgrove Balanced Fund in January. He reinvested every distribution the fund made that year, as shown below. Before any sale, what is his total cost basis in the fund?

Mossgrove Balanced Fund — Mr. Ngata's distributions (all reinvested)
DateDistributionAmount
Mar 31Income dividend$200
Jun 30Income dividend$200
Dec 15Long-term capital gain distribution$600