Series 7 Practice Test 12

10 free Series 7 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 7 Practice Test 12Tutor mode

Question 1 of 10

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

A customer sells 1 QRS Dec 80 call at 5 and 1 QRS Dec 80 put at 4. At expiration QRS is at 70; the put is assigned and the customer immediately sells the shares at 70. What is the overall result?