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Finra Exam Series-6 Topic 9 Question 63 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 63
Topic #: 9

[All Series-6 Questions]

A long-term, unsecured bond issued by a corporation is called:

Aa debenture.

Ba general obligation bond.

Ccommercial paper.

Dan industrial revenue bond.

Show Suggested Answer

Suggested Answer: C

If Mr. Gaunt believes he is still due money from Savvy, and Savvy disagrees, Ari has six years to submit his claim to arbitration under FINRA's Code of Arbitration. Ari cannot sue Savvy in a court of law, and the decision of the arbitration panel is final.

by Nelida at Aug 07, 2023, 10:55 AM

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Lisha

18 days ago

I wonder if the exam writer has a debenture-shaped hole in their heart. Jokes aside, A is the way to go.

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Audra

20 days ago

Industrial revenue bonds? What is this, a quiz on obscure municipal finance instruments? Definitely A.

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Heike

29 days ago

Commercial paper? That's for lazy corporations who can't be bothered with proper long-term financing. I'm going with A.

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Mozell

8 days ago

A debenture is a safer option for corporations looking for long-term financing.

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Ria

1 months ago

Debentures, huh? Guess I better brush up on my corporate bond terminology before the exam.

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Kattie

2 months ago

Hmmm, this seems like a classic corporate finance question. I'm pretty sure the answer is A - a debenture.

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Chantell

26 days ago

I think it's B) a general obligation bond, but I could be wrong.

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Charolette

1 months ago

I agree with you, A) a debenture is the correct answer.

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Leslie

2 months ago

I'm not sure, but I think it could also be D) an industrial revenue bond.

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Stephanie

2 months ago

I agree with Valentin, a debenture makes sense for a long-term, unsecured bond.

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Valentin

2 months ago

I think the answer is A) a debenture.

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