FINRA Series 7

Category - Series 7

How much money is a concession of 3/8 worth for one municipal bond?
  1. $0.375
  2. $3.75
  3. $37.50
  4. $375.00
Explanation
Answer: B -- $3.75. Three-eights of a $1,000 bond with a par price of 100.00 equals $3.75.
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