Last Updated: Aug 23, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Pricing and Trading of Fixed-Income Securities | 11% | - Trading and settlement processes - Valuation and pricing methods - Price-yield relationship |
| Topic 2: Financing and Listing Securities | 7% | - Listing requirements and rules - Primary market and issuance process |
| Topic 3: Equity Transactions | 10% | - Trading mechanics and regulations - Order types and execution - Margin and short selling |
| Topic 4: Features and Types of Fixed-Income Securities | 12% | - Government and corporate bonds - Types of fixed-income instruments - Characteristics, risks and benefits |
| Topic 5: The Canadian Investment Marketplace | 16% | - Regulators and self-regulatory organizations - Market participants and roles - Structure of Canadian financial system |
| Topic 6: Common and Preferred Shares | 13% | - Equity features and rights - Valuation and classification - Dividends and corporate actions |
| Topic 7: Derivatives | 10% | - Uses, risks and basic strategies - Options, futures and forwards |
| Topic 8: Regulation and Ethics | 8% | - Code of conduct and ethical standards - Client suitability and disclosure - Industry regulations and compliance |
| Topic 9: The Economy | 13% | - Impact of economic factors on investments - Monetary and fiscal policy - Macroeconomic principles and indicators |
1. KJR made the following warrants offering:
What is the intrinsic value of 1 KJR inc, warrant?
A) $3
B) $0
C) $2
D) $5
2. TDF Dealer's liability desk purchases 5,000 shares of a stock with a market order at $15 bid, $15.20 ask. The desk later sells the shares with a market order at $15.25 bid, $15.40 ask. What is TDP Dealer's gain on the trades?
A) $1, 000.
B) $250.
C) $1,250
D) $2,000.
3. An investor feels unfairly treatedby a stockbroker regarding a setof transactions. After a discussion of the situation Between the investor and the member, the investor and the member, the investor is still dissatisfied.
What is the best requestthat the investor could make to seek compensation?
A) A rescission of the objectionable trades.
B) An investigation by the Ombudsman for Banking Service and investments.
C) A payment from the Canadian investor Protection Fund.
D) An Independent arbitration.
4. What is the settlement date for Government of Canada bones?
A) Three business days after the transaction.
B) same day me transaction takes place.
C) One business day after the transaction
D) Two business days after the transaction
5. Which regulatory body is responsible for thesurveillanceof trading and market-related activities of participants on Canadian equity marketplaces?
A) CSA
B) OSFI
C) OBSI
D) CIRO
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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