Practice Quiz

FINRA Series 7

Category - Series 7

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Which of the following registered investment companies normally sells with an appropriate commission added to the contract price?
  1. an open-end investment company
  2. a unit investment trust
  3. a face-amount certificate company
  4. a closed-end investment company
Explanation
Answer: D - a closed-end investment company. An open-end investment company may have a sales charge but not a commission.
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