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FINRA Series 7

Category - Series 7

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Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2. How were these prices established?

by the FINRA
by the Federal Reserve Board
by competitive biding
by the terms of the bond

Explanation

Answer: C - by competitive bidding. The quoted prices for treasury bonds-as with all negotiable securities-is determined in the market by competitive biding.

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FINRA Series 7

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FINRA Series 7

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