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SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 5

Question: 5

What is the payment date for regular way settlement on corporate stock, corporate bonds, and municipal funds specified by MSRB rule G-15?

Correct Answer: B

Explanation:

B: Choice B properly indicates payment date for corporate stock, corporate bonds, and municipal funds specified by MSRB rule G-15 as T+4, which is equal to S+2, since the settlement date is T+4. Choices A, C, and D are incorrect.

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