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Exam Series-7 All Questions
Exam Series-7 All Questions

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FINRA General Securities Representative Series-7 Question # 48 Topic 5 Discussion

Series-7 Exam Topic 5 Question 48 Discussion:
Question #: 48
Topic #: 5

The public offering price of the securities of an open-end management investment company is:


A.

determined by a method set forth in the prospectus of the issuer


B.

based upon net asset value of the securities underlying the shares of the issuer plus a 10 % sales charge


C.

determined by the relative demand for the shares of the issuer


D.

the price used by distributors in determining sales incentive discounts to individual purchasers


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