SIE Exam Practice Question 493
Question: 493
An investor who wishes to include a prior purchase of a mutual fund in a new letter of intent, wants to backdate the letter. Which of the following is correct?
Correct Answer: A
Explanation:
A: A letter of intent is good for 13 months and may be backdated by the purchaser for 3 months. The 13-month window starts at the back date.
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