SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 47
Question: 47
On which date does ownership change when a security is sold?
Correct Answer: A
Explanation:
A: Choice A is correct because this is the date on which the ownership change is recorded on the books of the issuing corporation. Choices B, C, and D are incorrect because these have to do with dividends declared and paid, and the effect of the market price of the stock, not on change of ownership.
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