US licensing & insurance · timed practice test · free 25-question / 25-minute diagnostic · FINRA
Free Series 79 Practice Test
Free 25-question diagnostic, then $5 for 5 full attempts · no signup
UniPrep2Go's free Series 79 Practice Test is a 25-question, 25-minute timed diagnostic with a free topic report and answer review — no email, no account. The full mock is 120 questions / 120 minutes on the $5 UniPrep2Go Mock Pass (5 attempts on any mock).
The FINRA Series 79 Investment Banking Representative Qualification Examination licenses associated persons who advise on mergers and acquisitions, underwritings, and related investment banking activities. It emphasizes valuation methods, deal process, new issues, and applicable…
Official-source aligned. Topic weights, timing, and pass rules follow published FINRA outlines. Questions are original UniPrep2Go study aids — not leaked official items. Verify on the official site ↗
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- Questions
- 25 free · 120 full
- Time
- 25 min free · 120 min full
- UniPrep2Go readiness target
- 70%
- Domains
- 4
- Exam body
- FINRA
- Status
- Live · free 25-question / 25-minute diagnostic
US licensing & insurance · FINRA
Series 79 Practice Test
Free 25-question diagnostic · 25 min · full 120Q on Mock Pass
Sample Series 79 practice questions
These sample items mirror the domains in the timed Series 79 mock. Correct answers and explanations unlock inside the practice session.
Sample 1
An incurrence covenant in bond indentures typically allows additional debt only if:
- A. Pro forma financial tests (e.g., leverage or coverage ratios) are satisfied
- B. The ratio test is met at every quarter-end, whether or not new debt is added
- C. Bondholders holding a majority consent to each new borrowing
- D. The issuer's credit rating stays at investment grade
Sample 2
When building a precedent transactions comp set, bankers usually filter deals by:
- A. The acquirer's industry and the share price reaction to the deal
- B. Industry, deal size, transaction date, and target geography
- C. Deals that closed above the target's 52-week high
- D. Deals advised by the same bank in the last ten years
Sample 3
Rule 701 exempts employee equity compensation offerings if aggregate sales in 12 months do not exceed the greater of:
- A. $250,000, 5% of total assets, or 5% of outstanding securities
- B. $500,000, 10% of total assets, or 10% of outstanding securities
- C. $1 million, 10% of total assets, or 10% of outstanding securities
- D. $1 million, 15% of total assets, or 15% of outstanding securities
Sample 4
A buyer agrees to acquire Target Co. for 9.0x its $100 million EBITDA on a cash-free, debt-free basis. Target has $200 million of debt and $50 million of cash. What equity purchase price do the sellers receive?
- A. $650 million
- B. $700 million
- C. $750 million
- D. $1,050 million
Sample 5
Fintech issuer Northloop plans a $25 million raise, to be advertised on LinkedIn and its website, and will sell to accredited investors exclusively. Which offering exemption fits?
- A. Rule 506(b), since every buyer will be accredited
- B. Rule 506(c), verifying each buyer's accredited status
- C. Regulation Crowdfunding, as it permits online advertising
- D. Rule 504, which lets issuers advertise in any state
What is the Series 79 exam?
The FINRA Series 79 Investment Banking Representative Qualification Examination licenses associated persons who advise on mergers and acquisitions, underwritings, and related investment banking activities. It emphasizes valuation methods, deal process, new issues, and applicable regulations. Candidates typically need firm sponsorship. This UniPrep2Go page is independent prep—not FINRA material. Use official FINRA outlines for the current blueprint.
Administered by: FINRA (official site ↗)
Official format: Timed multiple-choice knowledge assessment; verify the current official outline with FINRA.
Who this exam is for
Analysts and associates at broker-dealers who need the Investment Banking Representative registration (Series 79) for M&A and capital markets work under FINRA membership. Always verify current candidate bulletins, fees, and testing vendor details before you register.
How to prepare
Work through the FINRA Series 79 content outline, practice valuation word problems, and review underwriting/M&A process flows. Take the free UniPrep2Go timed readiness check on this page, then drill weak topics with the linked live Anki deck.
Confirm current fees, eligibility, and scheduling with FINRA before you book the real exam.
Topic outline
Core domains candidates usually study for Series 79: Valuation & analysis, M&A process, IB products & markets, Regulations & ethics.
Valuation & analysis
Comps, precedents, and DCF-style concepts for IB reps.
M&A process
Deal process and first-day documents awareness.
IB products & markets
ECM/DCM process knowledge themes. Review official outlines for current weighting and examples.
Regulations & ethics
Communications and regulatory obligations.
About this free Series 79 Practice Test
120-question Series 79 readiness check (free 25-question version) with topic scoring. Use this timed practice test as a baseline before exam day or before drilling the linked Anki deck — start with the free 25-question / 25-minute diagnostic.
Built for: Analysts and associates at broker-dealers who need the Investment Banking Representative registration (Series 79) for M&A and capital markets work under FINRA membership. Always verify current candidate bulletins, fees, and testing vendor details before you register.
Topics on this practice test: Valuation & analysis, M&A process, IB products & markets, Regulations & ethics.
- 120 timed multiple-choice questions
- 120-minute pacing target
- UniPrep2Go readiness target: 70% with topic breakdown
- Full answer review after you submit
Your first UniPrep2Go attempt is free: a 25-question timed diagnostic on any exam (Exam or Learn mode, no signup) with the full topic report. Full-length mocks and retakes run on a $5 UniPrep2Go Mock Pass (Gumroad license key): 5 attempts on any mock. After your score, buy the linked Anki deck on Gumroad to drill weak topics with spaced repetition.
Buy Series 79 Anki deck to drill weak topicsSeries 79 Practice Test — quick answers
What is the Series 79 exam?
The FINRA Series 79 Investment Banking Representative Qualification Examination licenses associated persons who advise on mergers and acquisitions, underwritings, and related investment banking activities. It emphasizes valuation methods, deal process, new issues, and applicable regulations. Candidates typically need firm sponsorship. This UniPrep2Go page is independent prep—not FINRA material. Use official FINRA outlines for the current blueprint.
Is this an official Series 79 exam?
No. UniPrep2Go provides independent exam guides and practice tests — not official material from FINRA.
Who administers the Series 79 exam?
FINRA. Always verify registration, fees, and the current content outline on the official site.
What topics appear on the Series 79 exam?
Typical domains include: Valuation & analysis; M&A process; IB products & markets; Regulations & ethics. Confirm weights on the official outline.
How should I prepare for the Series 79 exam?
Work through the FINRA Series 79 content outline, practice valuation word problems, and review underwriting/M&A process flows. Take the free UniPrep2Go timed readiness check on this page, then drill weak topics with the linked live Anki deck.
Is there a free Series 79 practice test?
Yes — take the free UniPrep2Go timed readiness check on this page now. After your report, repair weak topics with the linked live Anki deck. Your first UniPrep2Go mock, including this Series 79 one, is a free 25-question timed diagnostic (any exam, Exam or Learn mode, no signup); full-length mocks and retakes run on the $5 UniPrep2Go Mock Pass — 5 attempts on any mock.
More FAQAdditional format, scoring, and disclaimer questions
- How many free attempts do I get on this Series 79 Practice Test?
- One. Your first UniPrep2Go attempt is free: a 25-question timed diagnostic on any exam (Exam or Learn mode, no signup) with the full topic report. Full-length mocks and retakes run on a $5 UniPrep2Go Mock Pass (Gumroad license key): 5 attempts on any mock. Every attempt ends with the full topic report and answer review — the report itself is never paywalled.
- How many questions are on this free Series 79 Practice Test?
- This UniPrep2Go practice test has 120 multiple-choice questions timed against a 120-minute target. The free first attempt is a 25-question / 25-minute diagnostic with the same topic weights; the full session runs on Mock Pass. Mapped to FINRA Series 79 (Investment Banking Representative) themes. This UniPrep2Go check is 120 questions / 120 minutes / 70% readiness target. Independent prep — not an official exam.
- Why is the free Series 79 Practice Test 25 questions?
- It is a diagnostic: 25 questions drawn by the same topic weights as the full 120-question mock — enough to rank your weakest topics, short enough to finish in 25 minutes in one sitting. With 1–6 questions per topic it is a quick read, not a verdict; for a full-length timed score, run the 120-question / 120-minute mock.
- What do I get for $5?
- The UniPrep2Go Mock Pass: 5 full timed attempts on any UniPrep2Go mock, including the 120-question Series 79 session, in Exam or Learn mode. It is a one-time Gumroad license key that works on any device — no subscription. Every attempt ends with the full topic report and answer review.
- What score do you need on this Series 79 Practice Test?
- The pass target on this practice test is 70%. Your report also breaks down performance by topic so you can see weak areas before the real exam.
- Who should take this Series 79 Practice Test?
- Analysts and associates at broker-dealers who need the Investment Banking Representative registration (Series 79) for M&A and capital markets work under FINRA membership. Always verify current candidate bulletins, fees, and testing vendor details before you register.
- Where can I take a Series 79 Practice Test online?
- UniPrep2Go hosts the Free Series 79 Practice Test at https://uniprep2go.study/mock-exams/series-79-readiness-check with a timed runner and full readiness report.
- Is this official exam material?
- No. This is an independent readiness diagnostic from UniPrep2Go. It is not official exam-board material and does not award certification or guarantee a passing score.
- What does the report show after the mock?
- Your report shows a pass/no-pass verdict with explanation, topic diagnosis, pacing notes, full question review with explanations, and a repair plan that links to the paid Anki deck on Gumroad for weak-topic drilling.
- Where do the questions come from?
- Original UniPrep2Go local bank (Wave 4).