r/Series7

I take my Series 7 exam in 2 days for the first time. I have been studying for about 4-6 weeks because my job requires me to do so. I read the book, taken chapter tests, and taking 23 finals in this time period. (10 Kaplan Finals, 13 Pass Perfect Finals. With scores starting at 55-60 and progressively making their way up towards 63-70. With my test this week I have consistently been getting between 67-78 on the past 7 or so finals i’ve taken. I have occasionally watched the Series 7 Guru and Ken Finnen on youtube and have found them both equally as helpful. I just wanted to know if anyone has any advice with this short amount of time left and if my chances of passing my first time around is likely. Extremely stressed that after the hard work and dedication i’ve put in that it won’t reciprocate to the real exam.

If you missed last night. Here is the replay. Replays are always available. The only FINRA and NASAA Exam Prep Livestream Q&A replay that is not behind a pay wall.

Once I write something down it typically stays with me. However taking notes like this is very slow. About 5 pages an hour of the exam manual. Should I just skip to doing practice exams and learn from the answers?

Dean provided an explication of a Series 7 exam question about DURF Corporation's decision to use cash to retire debt. The question focused on which bonds to call first based on interest rates and call protection. Dean explained that bond D should be eliminated due to its non-callable status and premium market price, then compared bonds A and B, determining that bond A (8% interest) should be called first since it offers the highest interest rate to eliminate. Dean noted that while answer D (calling bond B) would not be considered a wrong answer, the question required judgment rather than just recognition, making it one of the more challenging types of questions on the exam.

Dean provided an explanation for Kaplan QID 9559 regarding margin account calculations. He explained that an investor with an established margin account had a short market value of $4,000 and a credit balance of $6,750. Using the classical short margin equation, Dean calculated the excess equity as $750, which represents the difference between the required Reg T deposit ($2,000) and the actual cash on hand. Dean emphasized the importance of understanding margin equations and noted that while margin questions are typically straightforward on the Series 7 exam, test takers should not over estimate their importance.