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Finra Exam Series-7 Topic 5 Question 92 Discussion
Actual exam question for
Finra's
Series-7 exam
Question #: 92
Topic #: 5
[All Series-7 Questions]
Topic #: 5
What is the term applied to a classification of CMO securities having a stated maturity, average life, and estimated yield?
Suggested Answer:
C
it is unchanged. The debentures add to liabilities and to cash (an asset) received from the sale. There is no effect on net worth.
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