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Finra Exam Series-63 Topic 8 Question 6 Discussion

Actual exam question for Finra's Series-63 exam
Question #: 6
Topic #: 8
[All Series-63 Questions]

Stable Corporation registered a bond issue that it plans to offer for sale in the state with the Administrator.

The bond has a par value of $1,000 and will pay interest of 7% a year, with the principal to be repaid in 5 years. The registration became effective on September 8th. The registration is effective

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Suggested Answer: B

The bond's registration is effective for one full year from the effective date of the registration.


by Denny at Mar 06, 2025, 12:20 AM

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Dorthy
4 months ago
I see your point, Johnna. It could provide more flexibility for the issuer if the registration is effective for two full years.
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Johnna
4 months ago
But what if the bond doesn't mature for more than a year? Wouldn't it be better if the registration is effective for two full years?
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Stefany
4 months ago
I agree with Fernanda, it makes sense for the registration to be effective until the bond matures.
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Lamonica
4 months ago
Ha, this question is a real head-scratcher. Maybe the bond is good until the maturity date, like option A? Or maybe the registration is valid for a full moon cycle, who knows?
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Carma
3 months ago
User 3: I agree, option A seems like the most logical choice.
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Floyd
3 months ago
User 2: Yeah, that makes sense. It's probably option A.
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Derick
3 months ago
User 1: I think the registration is valid until the maturity date on the bond.
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German
4 months ago
Hmm, I'm not sure about this one. The question doesn't specify when the bond matures, so I'm leaning towards B. One full year seems like a safe bet.
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Stacey
3 months ago
C) until December 31st of the same year
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Billy
3 months ago
B) for one full year.
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Coletta
4 months ago
A) until the maturity date on the bond.
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Alline
4 months ago
No way, the registration is effective for two full years, so the answer is D.
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Rodolfo
4 months ago
You're all wrong, the registration is effective for two full years.
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Ernie
4 months ago
No, it's definitely until December 31st of the same year.
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Gertude
4 months ago
I believe it's actually effective for one full year.
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Hannah
4 months ago
I think the registration is effective until the maturity date on the bond.
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Hubert
4 months ago
I think the answer is C. The registration is effective until December 31st of the same year. That makes the most sense to me.
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Jacklyn
4 months ago
Yes, I think so too. The registration being effective until December 31st makes sense.
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Veronika
4 months ago
I agree, option C seems like the most logical choice.
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Fernanda
4 months ago
I think the registration is effective until the maturity date on the bond.
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