What is this product?
It is a computer program that simulates the Series 66 Exam. It contains 200+ practice questions complete with answers and explanations. Picture is a screenshot from the actual program.
Why choose this product?
This product was written to teach the train of thought necessary to pass the Series 66 Exam. Beyond simple memorization, the exam requires that you possess critical thinking skills. These questions will challenge and train your critical thinking skills to easily handle whatever the exam throws at you.
Whats the big deal about the 2010 Edition?
The manager overseeing the development of this product took the exam himself recently to ensure that the content for this project would still be current. And it is.
Below is an actual question from the software.
1. You read an announcement in the Wall Street Journal that ABC Corporations, a company in which you have a few clients invested, will be holding a "rights offering"- what does this mean?
A. It gives shareholders the ability the exercise their right to convert their convertible debentures to shares of common stock.
B. It gives shareholders the opportunity to sell their shares back to the company for a predetermined gain.
C. It gives shareholders the opportunity to purchase new shares of a corporation at the public offering price before those new shares are made available to the public
D. It gives shareholders the opportunity to purchase new shares of a corporation at the subscription price before those new shares are made available to the public
While answer "C" is almost right, the new shares are always offered to shareholders of record at the subscription price. Corporations grant a certain amount of rights per share to current investors. They use a subscription ratio to determine how many rights are required to buy each new share at the subscription price.