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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

2 months 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

2 months ago

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

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Alaine

1 months ago

Yeah, debentures are long-term, unsecured bonds issued by corporations.

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Arletta

1 months ago

I agree, it sounds like the right answer.

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Shakira

1 months ago

I think it's A) a debenture.

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Heike

3 months 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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Annice

1 months ago

General obligation bonds are also a good option for corporations seeking long-term financing.

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Lorrine

1 months ago

I agree, commercial paper seems like a short-term solution for lazy corporations.

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Mozell

2 months ago

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

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Ria

3 months ago

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

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Jade

21 days ago

D) an industrial revenue bond.

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Jeanice

22 days ago

C) commercial paper.

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Coletta

23 days ago

B) a general obligation bond.

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Viva

25 days ago

A) a debenture.

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Whitley

26 days ago

D) an industrial revenue bond.

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Carylon

29 days ago

C) commercial paper.

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Flo

1 months ago

B) a general obligation bond.

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Darell

1 months ago

A) a debenture.

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Kattie

3 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

2 months ago

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

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Charolette

3 months ago

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

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Leslie

3 months ago

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

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Stephanie

3 months ago

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

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Valentin

4 months ago

I think the answer is A) a debenture.

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