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FINRA Series 6

Category - Series 6

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A new issue of common stock can be classified in which of the following categories?

I. primary market
II. money market
III. secondary market
IV. capital market

I only
III only
I and IV only
II and III only

Explanation

Answer: C - Only Selections I and IV are correct. A new issue of common stock will be sold in the primary market. It is also a capital market security since it has no maturity, and capital market securities are securities with greater than one year to maturity.

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