SIE Exam Practice Question 473
Question: 473
An investor wires $10,000 into his mutual fund on Tuesday, March 11, and the money is credited to his account at 3 p.m. He will be the owner of record on:
Correct Answer: A
Explanation:
A: New shares will be created for the investor as soon as the mutual fund company receives the money. The investor becomes an owner of record on that day.
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