Finra Exam Series-6 Topic 9 Question 61 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 61
Topic #: 9

A feature that gives a bondholder or the owner of preferred stock of a corporation the option to exchange his security for shares of the common stock of the firm is called a:

Acall feature.

Bwarrant.

Cconvertible feature.

Dright.

Show Suggested Answer

Suggested Answer: C

If Mr. Gaunt believes he is still due money from Savvy, and Savvy disagrees, Ari has six years to submit his claim to arbitration under FINRA's Code of Arbitration. Ari cannot sue Savvy in a court of law, and the decision of the arbitration panel is final.

by Mireya at Jul 08, 2023, 10:14 AM

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