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FINRA Series 66 — free MCQ practice

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FINRA Series 66 subjects

Finance (30)

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FinanceInvestment CertificationSecuritiesStock Valuation

Try a FINRA Series 66 question

A stock trades at 24 and earns 4 a share. Its price to earnings ratio is:Read the answer and worked solution →The P/E ratio shows the price an investor pays for each unit of corporate:Read the answer and worked solution →A P/E quoted as ttm is built from results over the trailing period of:Read the answer and worked solution →A P/E built from projected rather than reported earnings is described as:Read the answer and worked solution →

Worked practice questions

A stock trades at 24 and earns 4 a share. Its price to earnings ratio is:

  1. 6
  2. 4
  3. 8
  4. 9
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Correct answer: A. 6

1. The ratio divides share price by earnings per share. 2. 24 divided by 4 gives six. 3. The P/E ratio is 6. _Source: OpenStax Principles of Finance 2e, Chapter 11, Stocks and Stock Valuation._

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The P/E ratio shows the price an investor pays for each unit of corporate:

  1. Enrolment
  2. Earnings
  3. Equipment
  4. Employment
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Correct answer: B. Earnings

1. The denominator of the ratio is earnings per share. 2. The numerator is what the market charges for a share. 3. So it prices each unit of earnings. _Source: OpenStax Principles of Finance 2e, Chapter 11, Stocks and Stock Valuation._

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A P/E quoted as ttm is built from results over the trailing period of:

  1. 12 months
  2. 12 weeks
  3. 12 days
  4. 12 years
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Correct answer: A. 12 months

1. The abbreviation stands for trailing twelve months. 2. It uses actual reported figures, not forecasts. 3. So the window is the last 12 months. _Source: OpenStax Principles of Finance 2e, Chapter 11, Stocks and Stock Valuation._

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