Which of the following is not good delivery on a sale of 470 shares?
A.
47 10-share certificates
B.
4 100-share certificates and one 70-share certificate
C.
8 50-share certificates, one 40-share certificate, and one 30-share certificate
D.
2 100-share certificates and 3 90-share certificates
The Answer Is:
D
This question includes an explanation.
Explanation:
2 100-share certificates and 3 90-share certificates. Three 90-share certificates are not good delivery because they cannot be combined into 100-share amounts.
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