Free FINRA Series 79 (Investment Banking Representative) Diagnostic Quiz
Take this free 12-question Series 79 sample quiz to benchmark your readiness. You get an instant readiness score and a weak-topic breakdown, like a mini practice test, every question with a full solution. No signup to start, no credit card.
Which statement best describes how a flip-in shareholder rights plan (poison pill) operates as a takeover defense?
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Correct Answer: B
Solution
B is correct. A flip-in poison pill is triggered when a hostile acquirer accumulates shares beyond a specified threshold (often 10% to 20%). Upon triggering, all shareholders except the acquirer gain the right to purchase additional shares at a steep discount. The resulting issuance massively dilutes the acquirer's ownership stake and economic interest, making the takeover prohibitively expensive and forcing the bidder to negotiate with the board.
Frequently Asked Questions
Is the Series 79 diagnostic quiz free?
Yes. The Series 79 diagnostic is a free 12-question sample quiz with instant scoring. You can take it with no signup and no credit card. Creating a free account saves your result and unlocks a personalized weak-topic study plan.
How long is the Series 79 diagnostic quiz?
The diagnostic is 12 questions and takes about 5 to 10 minutes. You get instant feedback on each question, then a readiness score with a topic-by-topic breakdown at the end.
Does the Series 79 diagnostic predict whether I will pass?
It gives you a starting readiness estimate and shows your weakest topics. It is a benchmark to focus your studying, not a pass guarantee. The readiness score sharpens as you practice more of the free Series 79 question bank.
What is the difference between the diagnostic quiz and a full practice test?
The diagnostic is a short 12-question sample quiz that maps your strengths and weaknesses quickly. For full-length practice, FreeFellow has the entire Series 79 question bank free, plus timed mock exams in the Fellow tier.
About FreeFellow
FreeFellow is a free exam prep library for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates. The entire question bank, written solutions, and lessons are free for every candidate, with no trial period and no credit card. Lessons include narrated audio, and every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback; Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).
The 70% you need to pass (question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking) is free forever, with no trial period and no credit card. Become a Fellow ($59/quarter or $149/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan.