SIE Exam Practice Question 663
Question: 663
Regarding municipal bonds, which of the following is the small amount of money, usually less than 5% of an issue, that underwriters give to the issuer in exchange for the right to place part of the issue?
Correct Answer: D
Explanation:
Regarding municipal bonds, a good faith deposit is the small amount of money, usually less than 5% of an issue, that underwriters give to the issuer in exchange for the right to place part of the issue.
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