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Industry News
How to Calculate Gains and Losses on Exercised Options
  Jun 16, 2021
Options are a common topic on the Series 6, Series 7, Series 65, Series 66, and SIE exams. Read our guide to calculating gains and losses on exercised options. Read More...

What Are QIBs and Accredited Investors? What's the Difference?
  Jun 01, 2021
If you're studying for securities licensing exams, such as the SIE or the Series 7, then you should understand the terms "accredited investor" and "QIB." Read More...

How to Pass the FINRA Series 14 and Become a FINRA-registered Compliance Officer
  May 24, 2021
Looking to become a compliance officer for a broker-dealer? Read Solomon Exam Prep’s guide to effective preparation for the FINRA Series 14 exam. Read More...

Answering Suitability Questions on the FINRA Series 7
  May 17, 2021
Suitability questions may appear daunting. But they don't have to be – read the Solomon guide to answering suitability questions with ease. Read More...

Securities Exam Score Survey Results Are In
  May 11, 2021
Do you think FINRA should provide exam scores to those who pass their qualification exams? Keep reading to learn the results of the Solomon survey. Read More...

Solomon Pass Probability™ Now Available for the FINRA Series 82
  May 07, 2021
Everyone would like to feel confident when they take their securities exam, but how do you know if you're ready for test day? Solomon Exam Prep can help – with Pass Probability™. Read More...

Solomon Releases New Edition of Series 14 Study Guide and Exam Simulator 
  May 03, 2021
The Series 14 is one of the more difficult FINRA exams, so it’s a good idea to be well-prepared going into test day – Solomon Exam Prep can help! Read More...

Solomon Exam Prep Offers Powerful New AI Feature: Remediation Reporting
  Apr 26, 2021
Learn about the Solomon Remediation Report, a new analytical feature designed to help students pass their securities licensing exams the first time. Read More...

Curious about the Solomon Learning System? Watch the video overview!
  Apr 22, 2021
Watch the latest Solomon Exam Prep video for a complete look at the Solomon learning system and what it offers students and firms. Read More...

The Power of Explaining: A Study Strategy Backed by Research
  Apr 12, 2021
If you’re studying for the Series 65, Series 7, or another securities licensing exam, try this evidence-based study strategy. Read More...

Chapter 6 Answers and Explanations

Characteristics of Advance Refunding

First Market Annuitization Phase for a Non-qualified Annuity

Investment of Proceeds of Municipal Securities and Municipal Escrow Funds

accelerated depreciation

net capital requirement

preliminary prospectus


firm commitment underwriting