Unlock The Secrets To Acing Your Securities Exam: Special Types Of Accounts With Suzy Rhoades!

Welcome to PassMasters’ Questions of the Week with Suzy Rhoades, our expert securities exam prep instructor.
In this video, Suzy will answer student questions related to Special Types of Accounts, including ESAs, 529 plans, HRAs, FSAs, HSAs, and HDHPs!
Taking the SIE Exam?
What about the Series 6 or 7?
The Series 65 or 66?
These questions will appear on all of these exams! MASTER the concepts, PASS the exam!
- Securities Industry Essentials (SIE) - passmasters.com/securities-ex...
- Series 6 exam - passmasters.com/securities-ex...
- Series 7 exam - passmasters.com/securities/se...
- Series 65 exam - passmasters.com/securities-ex...
- Series 66 exam - passmasters.com/securities-ex...
If you are studying for any of the above exams and would like to learn more about our online video-based course offerings with Suzy, please click the link below:
passmasters.com/securities-ex...
Check out Paul's feedback about the PassMasters course below and check our site to see what others have to say about their experience preparing for their securities exams:
passmasters.com/testimonials/
Dear Sam and Suzy,
I PASSED the series 65!!!!!! After a failed attempt with XYZ teaching program, I found your content. Suzy’s teaching style matches best with my learning style. The nearly-conversational delivery is helpful along with the constant “you’ve got this” affirmations. I thank you sincerely.
Paul - Series 65 student
#securitiesexam #PASSyoursecurities exam #suzyrhoades #passmasters
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Do you have questions about anything covered in this video? Or a topic you would like Suzy to create a video about? Post a comment and we will respond asap. Thanks for viewing and happy studies!
Contents of this video
0:00 - Welcome
0:27 - 529 plan versus ESA
0:59 - 529 plan details
7:25 - FSA versus HSA
9:01 - HSA and HDHP
10:45 - Thank you!

[@lostasadorespr]

Hi Suzy...passed today the SIE thanks to GOD (first of all), STC reviews and your videos. Thank you very much for your work.

[@PassMasters]

Congratulations! I am so proud of you! Glad I was able to help you accomplish this goal. 😀

[@melissarichards5383]

Suzy- I was able to pass my 24 with your videos from another testing company and they were amazing. Would you have any for the Series 4 ROP?

[@PassMasters]

Hi Melissa! Unfortunately, I don't have a course for the Series 4. So glad you hear you passed the series 24! Great job!😀

[@tracjay1]

Suzie to the Rescue!! We do not understand this question. Can you help us? An investor purchases an 8% corporate bond at 93. The bond is scheduled to mature in 2028. What will the investor receive at maturity? A)$1,040 B)$1,000 C)$1,080 D)$930, plus 8% on the invested funds Explanation The investor will receive $1,040 at maturity. This amount comprises the principal repayment of $1,000 plus the final semiannual interest payment of $40. LO 3.a

[@PassMasters]

Hello! I myself do not stress this when I am teaching about bonds. At maturity the owner of the bond receives par value. That is all I really say about it. It is true that when you own a bond the interest payments are paid every six months. The last interest payment is paid to the owner of the bond at maturity. That is what this question is trying to stress. Since the coupon rate is 8%, that means the semi-annual interest payment is $40. So at maturity the bondholder receives par value = $1,000 plus the last interest payment (last coupon) which in this case is $40 = $1,040. Great question!

[@tracjay1]

Hi Suzie, Can you explain this question? Your customer sells 100 shares of Small Co., Inc., common stock at $50 per share. After six months, they close the short position at $40 per share. Small Co. does not pay a dividend. What is the total return? A) 15% B) 10% C) 25% D) 20%

[@PassMasters]

This is a good one. Remember when you short a stock the profit is on the downside. Here you made money! You covered at $40 (paid $40 a share to return the stock to the b/d). You initially shorted the stock at $50 (sold shares you did not own, but had borrowed, basically creating $50 a share out of thin air). This gives you a $10 profit. $10 is 25% of $40. 😀

[@tracjay1]

Thank you so much @@PassMasters

[@stecder2470]

ounce i pass series 7 exam how long will it last ? if i am not working with it. when it expires and how to keep it on?

[@PassMasters]

Great question. The thing about the series 7 is you can't take the exam without a firm sponsoring you to take it. Once you do get it, if you leave the firm, how long you have before you would have to retest (or whether or not you can enroll in the maintaining qualifications program) will depend upon how long you were actively licensed for. 2-5 years depending upon the situation.

[@stecder2470]

how to get the sponsor?@@PassMasters

[@gersonreyes270]

Suzy I purchase a course with you but it expired. If I renewed how long do I have it open for?

[@PassMasters]

Hi Gerson. The course renewal is an additional 90 days of access from your renewal date for the SIE at a rate of $49. 😃

[@gersonreyes270]

@@PassMasters ok great