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FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 79 Topic 8 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 79 Topic 8 Discussion

Series-7 Exam Topic 8 Question 79 Discussion:
Question #: 79
Topic #: 8

Bubba Corporation has 3,500,000 shares of common stock outstanding and its trading volume in the few weeks has been as follows:

Week 1 - 43,000

Week 2 - 30,900

Week 3 - 37,500

Week 4 - 42,600

Week 5 - 33,000 (the most recent week)

If an affiliated person wanted to liquidate some of his holding of 100,000 shares pursuant to SEC Rule 144, how many shares could he sell?


A.

35,000


B.

36,000


C.

37,400


D.

38,500


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