FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 66 Topic 7 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 66 Topic 7 Discussion

Series-7 Exam Topic 7 Question 66 Discussion:
Question #: 66
Topic #: 7

An advertisement for a CMO security by a member of FINRA should disclose which of the following?


A.

the exact yield investor will earn


B.

the yield based upon the prevailing discount rate


C.

that the stated yield is an estimate that may vary passed upon prepayments and market factors


D.

that the yield may be greater than the stated percentage but never less


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