Practice Quiz

FINRA Series 7

Category - Series 7

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An advertisement for a CMO security by a member of FINRA should disclose which of the following?
  1. the exact yield investor will earn
  2. the yield based upon the prevailing discount rate
  3. that the stated yield is an estimate that may vary passed upon prepayments and market factors
  4. that the yield may be greater than the stated percentage but never less
Explanation
Answer: C - that the stated yield is an estimate that may vary passed upon prepayments and market factors. The only guarantee is that nothing is guaranteed, especially the yield.
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