Bubba’s order to purchase investment company shares must be executed at a price based upon...

FINRA Series-7 Question Answer

Bubba’s order to purchase investment company shares must be executed at a price based upon the net asset value of the shares:

next computed after receipt of the order by the dealer

last computed before receipt of the order by the dealer

computed the previous day at the close of the NYSE

computed the same day the order is received by the dealer

Series-7 PDF/Engine

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