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FINRA Series 7

Category - Series 7

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Bubba buys an OTC stock from a firm that is a market-maker in the stock. What may be said about the price he pays?

it does not include a markup
it includes a markup
it includes a commission and a markup
it includes a special fee

Explanation

Answer: B - it includes a markup. A market-maker acts as principal. Therefore, Bubba pays a markup but not a commission.

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FINRA Series 7

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