A mutual fund letter of intent may permissibly be predated for a period of time up to:
A.
5 business days
B.
10 business days
C.
90 calendar days
D.
13 months
The Answer Is:
C
This question includes an explanation.
Explanation:
90 calendar days. An investor has 90 days from the date of original purchase to sign a letter of intent. The maximum duration for the letter is 13 months from the initial purchase.
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