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FINRA Series 7

Category - Series 7

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A treasury obligation having no fixed rate of interest with a thirty day maturity due April 22 is most likely a:

treasury note
tax anticipation bill
Series H bond
Series EE bond

Explanation

Answer: B - tax anticipation bill. These obligations pay no interest and their maturity comes after corporate tax payment dates. They are accepted for redemption at face value prior to maturity on corporate tax payment dates to encourage purchase by corporations.

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FINRA Series 7

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FINRA Series 7

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