Series 6 - Stc Greenlight Exam 2025 With 100% Correct Answers

All of the following are acceptable forms of non-cash compensation that may be paid by a distributor of mutual fund shares to registered representatives, EXCEPT: A) A gym bag with the firm's logo B) An umbrella C) A golf bag D) A towel with the firm's logo {Ans: C) A golf bag Promotional items that are given to RRs by distributors and wholesalers of investment products (e.g., mutual fund shares and annuities) are acceptable provided they are of a nominal value. For non-cash compensation items to be considered of nominal value, the value must generally not exceed $100 (the gift limit). Of the four choices listed, the one that has a value that likely exceeds $100 is the golf bag.}A call premium is best described as the amount the: A) Investor pays above the par value B) Investor will receive if the bond is sold above the par value C) Issuer pays above 100 to retire bonds prior to maturity D) Bondholder receives at maturity {Ans: C) Issuer pays above 100 to retire bonds prior to maturity A bond issue's indenture will usually require that, if an issuer calls bonds (redeems prior to maturity), it must pay the