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3 Cards in this Set
- Front
- Back
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If a Nasdaq market maker is selling stock to a customer from inventory and the firm has held the shares to be sold for several months, what price should the dealer use as a basis for a markup?
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Best offering price quoted in the interdealer market.
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5% Markup Applies to
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-commissions charged when executing customer agency (broker) transactions.
-riskless and simultaneous transactions. -markups on stock sold from inventory. -markdowns on stocks bought for inventory -Third Party markets -Non-Exempt Securities (Exchange & OTC Transactions) & Non-Prospectus (IPOs & Mutual Funds) |
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If an open-end investment company bought preferred stock directly from a bank through an electronic communication network (ECN), this trade took place in which of the following markets?
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Fourth
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