Finra Exam Series-7 Topic 3 Question 84 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 84
Topic #: 3

[All Series-7 Questions]

An issuer is most likely to request an investment letter from the purchaser in connection with which of the offerings?

Aa hot issue

Ba mutual fund

Ca private placement

Dan exempt security

Show Suggested Answer

Suggested Answer: A

$0.45. Since treasury stock does not receive dividends, divide $450,000 by the outstanding 100,000 shares to arrive at $0.45 per share.

by Shonda at Apr 14, 2024, 03:32 PM

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5 days ago

Investment letters? Sounds like a real party for the issuer! I'll take a private placement any day.

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6 days ago

Hmm, I'd say a private placement. Gotta keep those offerings nice and exclusive, you know?

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7 days ago

Private placements, of course! Issuers love those investment letters to cover their bases.

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11 days ago

I'm not sure, but I think it could also be for an exempt security.

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13 days ago

I agree with Buck, a private placement seems like the right choice for an investment letter.

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14 days ago

I think the issuer would request an investment letter for a private placement.

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