IIA Exam IIA-CFSA Topic 7 Question 55 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 55
Topic #: 7

''A negotiated offering in which a new issue of municipal securities is sold on an agency basis by a placement agent directly to institutional or private investors rather than through an offering to the general investing public'' is referred as:

APublic offering

BPrivate placement

Cover the counter trade

DNone of these

Show Suggested Answer

Suggested Answer: B

by Major at Jul 02, 2024, 07:39 AM

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Irma

1 days ago

I'm not sure, but I think it's A) Public offering because it involves selling to investors.

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Kerry

2 days ago

I agree with Glenn, private placement makes sense for this type of offering.

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Glenn

7 days ago

I think the answer is B) Private placement.

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