FINRA Series 63 (NASAA)

Category - Series 63

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Stable Corporation registered a bond issue that it plans to offer for sale in the state with the Administrator. The bond has a par value of $1,000 and will pay interest of 7% a year, with the principal to be repaid in 5 years. The registration became effective on September 8^th. The registration is effective

until the maturity date on the bond.
for one full year.
until December 31^st of the same year
for two full years.

Explanation

Answer: B - The bond’s registration is effective for one full year from the effective date of the registration.

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FINRA Series 63 (NASAA)

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FINRA Series 63 (NASAA)

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