FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 44 Topic 5 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 44 Topic 5 Discussion

Series-7 Exam Topic 5 Question 44 Discussion:
Question #: 44
Topic #: 5

A market-maker has purchased a particular stock over a period of time for prices as high as $9 per share and as low as $3 per share. The average cost is approximately $6 per share. The current NASDAQ quote for the stock is 5 to 5.25. According to the FINRA Conduct Rules, the dealer’s offering price to the public should be based upon:


A.

the current market for the stock


B.

$3


C.

$9


D.

$6


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