Which of the following is not true about US treasury bills?

• A.they are issued at a discount
• B.they are money market instruments
• C.they are issued in denominations of $1,000 to $1,000,000
• D.they are general obligations of the US government

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The practice of positioning stock in response to a customer's order and immediately after marking it up for resale to the customer is:

• A.a factor to consider in the FINRA guideline
• B.a simultaneous transaction
• C.a riskless transaction
• D.all of the above

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Bubba buys "double-barreled" municipal bonds. What is the source of guaranteed repayment on these bonds?

• A.a specific municipal project plus a federal subsidy
• B.two specific municipal projects
• C.all projects of the issuing municipality
• D.one specific municipal project plus the full financial strength of the issuer

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A mutual fund with an 8% load and a 1% redemption fee carries a current quote of $6.25 - $6.79. If an investor has tendered his shares for redemption on that basis, the per share price he will receive is approximately:

• A.$6.79
• B.$6.72
• C.$6.25
• D.$6.19

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Bubba is opening a margin account with a member organization. He wishes to purchase 100 shares of XYZ at $15 per share.
What is Bubba's initial cash deposit?

• A.$375
• B.$1,050
• C.$1,500
• D.$2,000

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